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单词 mock auction
释义

mock auction

mock auction An auction during which a lot is sold to someone at a price lower than his highest bid, part of the price is repaid or credited to the bidder, the right to bid is restricted to those who have bought or agreed to buy one or more articles, or articles are given away or offered as gifts. Under the Mock Auction Act 1961 it is an offence to promote or conduct a mock auction.

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更新时间:2024/11/11 10:17:20