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Dutch auction |
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.06 sec. |
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Dutch auction an auction or sale that starts off with a high asking price that is then reduced until a buyer is found. (Viewed by some as insulting to the Dutch.) Dutch auctions are rare—most auctioneers start with a lower price than they hope to obtain. My real estate agent advised me to ask a reasonable price for my house rather than get involved with a Dutch auction. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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About five years ago, banking companies weren't doing regular stock buybacks or Dutch auctions, observes Frank Cicero, vice president at Keefe Bruyette & Woods, a New York investment bank that is acting as dealer manager for the Peoples Heritage auction. Interest on the class A-3, A-4, and B notes is determined by Dutch auctions to be held every 28 days and payable on the first business day following each auction date. Fannie Mae conducts Dutch auctions, or single price auctions, on a weekly basis accepting both competitive and non-competitive bids through a web based auction system. |
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