online auction definition
online auction means a digital internet-based auction whereby buyers bid against each other with the auction platform acting as an invisible auctioneer by regulating the entire bidding process and updating bid prices/increments real time until the highest bidder wins at the close of bidding for each lot / item.
online auction means a competitive real-time auction conducted by rising bid on an Internet based platform.
online auction means an auction or sale at auction of real or personal property that is conducted via a web site or similar interactive communication media in which the web site or similar interactive communication media accepts and rejects bids and declares items, parcels, or lots sold.
More Definitions of online auction
online auction means an online only auction conducted via the online auction portal;
online auction means a live auction for Vehicles held by the Auctioneer through the Auctioneer’s online platforms “LIVE” and “Bid Now” or other digital auction platform offered by the Auctioneer on its Website from time to time.
online auction. An auction that is for online bidders only and is not conducted in front of a traditional live audience. Also called a Cloud Auction.
online auction means a sale or prospective sale of a Property by auction on a Site, including a Live Auction.
online auction means those auctions conducted through the internet with the Bidders (from one or more locations) simultaneously bidding to be selected for supplying the item/s on auction. In other words, the venue for the auction is on an Internet website/ platform. The Service Provider's website assigned by "Service Provider" would constitute venue for the purpose of the online auction.
online auction has the meaning set forth in Section 3(c) hereto.
online auction means a public auction, as defined in §19-2C-1 of this code, that is