ABSOLUTE AUCTION
A kind of auction wherein the highest bidder is awarded with the sale. Reserve price, which sets a minimum required bid for the item to be sold, do not exist on absolute auctions. Foreclosed properties maybe related as a type of absolute auction., wherein the foreclosed property is acquired by the winning bid. This is in contrast to a lender confirmation auction, wherein the bid must be approved by the lender first before the transaction will be completed.
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Multi-Level Marketing
A strategy used by certain direct sales companies in order to encourage their existing distributors to bring in new distributors by giving the exis ...
Reintermediation
Individuals withdrawing funds from non bank investments such as real estate and depositing into bank and depository financial-institution accounts. ...
Bellwether Stock
A stock that is perceived to be a popular sign of the direction of industry, sector or market as a whole. These stocks are usually used to know the ...
Voluntary Reserve
Voluntary Reserve is a monetary reserve voluntarily held by insurance companies.
Thomas C. Schelling
American economist and professor who received the 2005 Nobel Memorial Prize in Economics, along with American mathematician Robert J. Aumann. He di ...
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