Dutch auction Meaning in Cambridge Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of "Dutch auction" - Business English Dictionary

Dutch auction

noun [C]
 
 
COMMERCE an auction (= public sale) 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 groups compete to see who can reduce an amount the most: The tendering process must not be a "Dutch auction": unfairly trading one tenderer off against another by using the lowest tender 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 civil service jobs.
FINANCE in the US, a system used by a company that wants to buy back its shares. The company sets the minimum and maximum prices it is willing to buy at, the shareholders state 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)
What is the pronunciation of Dutch auction?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “Dutch auction”

Word of the Day
athlete

a person who is very good at sports or physical exercise, especially one who competes in organized events

Word of the Day

When’s dinner? (Words for different meals)
When’s dinner? (Words for different meals)
by Kate Woodford,
July 22, 2015
Here at ‘About Words’ we’re always happy to get ideas for posts that we could write. A reader of this blog recently asked for a post on the language of meals and we thought this an excellent idea. If you are reading this post and have an idea for a topic or

Read More 

exoskeleton noun
exoskeleton noun
July 27, 2015
a robotic device which goes around the legs and part of the body of a person who cannot walk and allows them to move independently and in an upright position The device, known as an exoskeleton, is strapped to the outside of a person’s limbs and can then be controlled by them.

Read More