sealed-bid auction
noun [C]Definition
› COMMERCE an auction in which buyers are given just one chance to make a secret offer, without knowing the amount of other offers: The price paid was more than the market was expecting and significantly more than our competitors in the sealed-bid auction were prepared to pay.
(Definition of sealed-bid auction noun from the Cambridge Business English Dictionary
© Cambridge University Press)
Browse the Thesaurus
Our dictionaries
Browse the Dictionary
Word of the Day
ride (out) the storm
to manage not to be destroyed, harmed or permanently affected by the difficult situation you...
Blog
Read our blog about how the English language behaves.
New Words
Find words and meanings that have just started to be used in English, and let us know what you think of them.
