ghost bidding definition

ghost bidding means an auction where sellers use memberships of people they know, or fake memberships they have created, to put false bids on auctions to increase the price of goods/property they are selling.
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ghost bidding means an auction where Sellers use memberships of people that they know or are acquainted with, or fake memberships that they have created, in order to put false bids on auctions in an attempt to increase the price of the goods that are being sold.
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Related to ghost bidding

  • Resident bidder means a bidder that has paid unemployment taxes or income taxes in this state during the 12 calendar months immediately preceding submission of the bid, has a business address in this state and has stated in the bid whether the bidder is a “resident bidder” under this paragraph.

  • Bidder/Bidding Company means Bidding Company submitting the Bid. Any reference to the Bidder includes Bidding Company / including its successors, executors and permitted assigns as the context may require;

  • Highest Bidder means the Bidder, who quotes the highest License Fees

  • Successful Bidder(s) means the bidder(s) to whom work in this tender is awarded.

  • Bidding Procedures Order means that certain order of the Bankruptcy Court, entitled “Order (A) Approving Sale Procedures and Bid Protections, Including Break-Up Fee(s), In Connection With Sale Of Substantially All Assets; (B) Scheduling An Auction For And Hearing To Approve One Or More Sales; (C) Approving Notice Of Respective Date, Time And Place For Auction And For Hearing On Approval Of Sale(s),” entered on January 16, 2009.