Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English


English definition of “absolute auction”

absolute auction

noun [C]    
COMMERCE an auction (= type of sale ) where something is sold to the person who offers the most money , and does not have a reserve price (= minimum sale price ): Although the seller was disappointed by the bid , he had no choice but to sell since the vehicle was sold in an absolute auction .
(Definition of absolute auction noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of absolute auction

Word of the Day


a situation in which two people are friends

Word of the Day


Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More