Half a croissant, on a plate, with a sign in front of it saying '50c'
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Reverse Auction

Sellers compete for the lowest price for their stuff.
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This is the direct opposite to an auction in which people compete to purchase merchandise for the highest price. In the reverse auction, a buyer lists what he needs and then sellers bid for the lowest price.
Jscotty, Mar 29 2009

Reverse Auction http://en.wikipedia...iki/Reverse_auction
Reverse Auction Already Baked [cindik, Mar 29 2009]

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       Who knew [cindik]? Go figure [jscotty].
blissmiss, Mar 29 2009

       Used sometimes in automotive supply.
RayfordSteele, Mar 29 2009

       Tendering, or Calling For Bids, is well baked in business & government.
DrBob, Mar 30 2009

       Ok.. let us MFD this one and pretend like it never happened. ;)
Jscotty, Mar 30 2009

fishboner, Apr 27 2009


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