Proxy bidding definition

Proxy bidding means a method of bidding by which a bidder authorizes an agent, whether an individual or an electronic agent, to place bids on his or her behalf.

Examples of Proxy bidding in a sentence

  • Proxy bidding by electronic agent: “Proxy bidding” means a method of bidding by which a bidder authorizes an agent, whether an individual or an electronic agent, to place bids on his or her behalf.

  • Proxy bidding will only be used at the option of the individual drivers.

  • Proxy bidding may be submitted under certain circumstances such as medical emergency, death in the family, jury duty.

  • Proxy bidding by an electronic agent permits you to pre-enter the minimum interest rates (the Bids) that the bidder is willing to accept for each item (eventual tax certificate) you would like to purchase.

  • Proxy bidding by any employee shall not occur; however, for extenuating circumstances, alternate arrangements can be made upon agreement by the Employer and Association.

  • They must agree and click “Confirm”: Proxy bidding is a feature that is used on all your auctions.