# Auction in older documents also Verauktionierung, Gant, Lizitation und Subhastation (auction)

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- Modified: 2023-07-25T20:59:06+00:00
- Language: en

## Definition

In relation to the financial market, a transaction on the market in the form of an auction (the process in which multiple parties bid to determine who will buy an item from a seller). Since about 1960, the word tender replaced the term auction in financial language. Many special forms of auction have emerged, some of which are characteristic of particular markets. - See adjection, reverse auction, market, auction-determined, spot price, tender process, auctioneer. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

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