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Bid rigging

💡 Words with a Similar Meaning to "Bid rigging"

Found via reverse dictionary — words that share a conceptual meaning.

WordDefinition
biddingnounThe act of placing a bid.
vendor bidnoun(finance) A type of bid at an auction which is made by the auctioneer on behalf of the vendor, without any desire to buy the article. This is used as a tactic to keep the bids moving, or to persuade buyers to pay more, or merely to have a higher price to report if the property is passed in. Such a bid is in essence a fiction; if not clearly announced as such, it approaches the deliberate deception of a dummy bid.
commission bidnounA bid at an auction placed by the auctioneer on behalf of a bidder not present in the room up to a pre-agreed maximum.
sealed bidnounA cost estimate, or a proposal to buy something, the value of which is kept secret from competitors until all such bids have been made.
upbidverbTo bid upward.
counterbidnoun(business) A bid made in response to a previous bid by another party
licitationnounauction
bid shadingnounIn an auction, the practice of bidding less than what one believes the goods are worth.
price fixingnoun(law) In antitrust law, collusion between competitors in order to raise prices, at the expense of the consumer.
megabidnoun(informal) A very large bid offered in order to acquire a company.
bidding pricenoun(finance) A price offered by a buyer/bidder when he or she buys a good.
auctionnounA public event where goods or property are sold to the highest bidder.
bargainingnounThe act of one who bargains.
beauty contestnounA competition in which participants compete for a determination that one is the most physically attractive.
runoutnoun(cricket) The method of getting out (dismissed from play) in which a batsman, in making a run, has not reached the popping crease when a fielder breaks his wicket with the ball.
limit bidnounAn offer to buy in an auction for any value up to a specified maximum.
bid pricenoun(finance) The price offered by a potential buyer when bidding for goods.
winner's cursenoun(auctions, game theory) The phenomenon whereby the winner of an auction is likely to overpay, since each bid represents a bidder's estimate of the item's value, and one would expect the average bid to be the most accurate.
contract awardingnounThe method used during a procurement in order to evaluate the tender offers taking part and award the relevant contract.
bear hugnounAny especially large, tight or enthusiastic hug, usually friendly and especially given by a male.

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