English Auction

An English auction is the most common type of auction in the United States. In this kind of auction, the bidding price for the item being sold is raised until only one bidder is left. If you buy something on EBay, you have participated in an on-line English auction, that also had the feature that all the bidders know what day and time the bidding stops.

KWHS Term Suggestion

Is there a term you would like defined? Suggest it here: