Salvage auction definition

Salvage auction means a person or entity whose primary
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Salvage auction means a person or entity whose primary business is the sale of motor vehicles for which insurance companies have made payment of damages on total loss claims.
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Salvage auction means the wholesale exchange or sale of
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More Definitions of Salvage auction

Salvage auction means an auto auction that provides for the wholesale exchange or sale of wrecked, salvaged, damaged, or water-damaged motor vehicles using an auction format;
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Related to Salvage auction

  • Reverse auctioning means a procurement method wherein bidders are invited to bid on specified

  • Reverse auction means a purchasing process in which offerors submit proposals in competing to sell services or supplies in an open environment via the internet.

  • E-Auction Process /”E-Auction” shall mean the electronic auction process for sale of the Company conducted in accordance with the provisions of IBC, Liquidation Process Regulations, Applicable Law(s) and this E- Auction Process Information Document inviting Bid from the Bidders for consummating the sale of Company on going concern basis in accordance with the provisions of IBC and Liquidation Process Regulations;