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Dutch auction

//ˌdʌtʃ ˈɔːk.ʃən// noun

Definitions

Noun
  1. 1
    An auction where many of the same items are sold.
  2. 2
    a method of selling in which the price is reduced until a buyer is found wordnet
  3. 3
    A reverse auction that starts at a high price that is gradually reduced by the auctioneer until someone is willing to buy.

See also for "dutch auction"

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Unscramble this word: dutchauction