Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “auction ring”

auction ring

noun [C]
 
 
( also bidders' ring) COMMERCE
a group of buyers at an auction (= public sale) who make an illegal agreement not to compete against one another to buy things, in order to keep the price low. They then sell what they have bought at a higher price and share the profits.
(Definition of auction ring from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of auction ring?
Add Cambridge dictionaries to your browser to your website

Word of the Day

pup

a baby of particular animals, or a puppy

Word of the Day

I won’t tolerate it! Replacing formal words with phrasal verbs.

by Liz Walter,
April 01, 2015
When you are using a language, it is important to understand if a word is formal or informal, so that you can use it in an appropriate way. You might hear people saying dosh for money, or spud for potato, but they wouldn’t write those words in a formal essay. Similarly, a

Read More 

stackin’ p

March 30, 2015
idiom slang earning a lot of money ‘That’s a very generous present.”Yeah, well, she’s stackin’ p, innit?’

Read More