What is the definition of Auction exchange? | Dictionary.net

AUCTION EXCHANGE

\ˈɔːkʃən ɛkst͡ʃˈe͡ɪnd͡ʒ], \ˈɔːkʃən ɛkst‍ʃˈe‍ɪnd‍ʒ], \ˈɔː_k_ʃ_ə_n ɛ_k_s_tʃ_ˈeɪ_n_dʒ]\

Definitions of AUCTION EXCHANGE

1910 - Black's Law Dictionary (2nd edition)

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When buyers offer bids on items until they win. There is no negotiation. Common stock is often sold this way. European clients are not as fond of this method. AKA auction market.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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