Absolute Auction

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Dictionary Says

Definition of 'Absolute Auction'

A type of auction where the sale is awarded to the highest bidder. Absolute auctions do not have a reserve price which sets a minimum required bid for the item to be sold. One type of absolute auction relates to foreclosed properties, where the winning bid acquires the foreclosed property. This is opposed to a lender confirmation auction, where the lender must approve the bid in order to complete the transaction.
Investopedia Says

Investopedia explains 'Absolute Auction'

An absolute auction can occur in various venues including the foreclosure marketplace, the online marketplace (such as eBay.com) or live auction events. In this type of auction, the highest bidder "wins" the item, whether it is real estate property or any other type of product. Absolute auctions are often implemented where there is an immediate demand to sell an item.
Search results for

'Absolute Auction'

  • Should You Buy A House At Auction?

    http://www.investopedia.com/articles/mortgages-real-estate/10/should-you-buy-at-an-auction.asp
    ... if you are the highest bidder. In an absolute auction, the winning bid
    gets the property. The starting price of the auction may ...

  • How Risk Free Is The Risk-Free Rate Of Return?

    http://www.investopedia.com/articles/financial-theory/08/risk-free-rate-return.asp
    ... to learn more.); T-bills are sold at auction in a weekly competitive bidding process ...
    to investments, risk can be broken down a number of ways: Absolute risk as ...

  • CFA Level 1 Study Guide - Securities Markets - Exchange Market ...

    http://www.investopedia.com/exam-guide/cfa-level-1/securities-markets/exchange-market-structure.asp
    ... Pegged Exchange Rate Systems; 5.18 Absolute and Relative Purchasing Power
    Parity; 5.19 Relative Purchasing Power Parity. Chapter 6 ...

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