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Meaning of “Dutch auction” in the English Dictionary

"Dutch auction" in Business English

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Dutch auctionnoun [C]

uk   us  
COMMERCE an auction (= ​publicsale) at which the ​price being ​asked for something is slowly ​reduced until someone will ​buy it: Some ​traders, especially those ​selling fruit, would ​stand on their ​stalls and ​sell their ​goods by Dutch ​auction.
FINANCE a ​situation in which two or more ​groupscompete to see who can ​reduce an ​amount the most: The ​tenderingprocess must not be a "Dutch ​auction": ​unfairlytrading one tenderer off against another by using the ​lowesttender to ​seek a ​reduction in ​time or ​costs from the others. The Government and opposition are ​engaged in a Dutch ​auction over who would ​cut the most ​civilservicejobs.
FINANCE in the US, a ​system used by a ​company that ​wants to ​buy back its ​shares. The ​company sets the ​minimum and ​maximumprices it is ​willing to ​buy at, the ​shareholdersstate which ​price they would be ​willing to ​sell at, and the ​company then chooses which ​shareholders to ​buy from: Hambrecht ​conducts so-called Dutch ​auctions, in which the ​price is set at the ​highest possible ​level that ​allows all ​shares to be ​sold.
COMMERCE a uniform price auction
(Definition of Dutch auction from the Cambridge Business English Dictionary © Cambridge University Press)
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“Dutch auction” in Business English

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