reverse auction noun [C]

(Commerce )

a type of auction in which prices go down rather than up as suppliers compete for a contract by offering to supply sth at a lower price than their competitors:

The automaker recently tried out an online reverse auction for tires.

• mailbox
• mail drop
• mailer
• mailing
• mailing list
• mailing machine
• mailing piece
• mailing tube
• mail merge
• mail order
• mail-out
• mailshot
• mainframe
• main market
• mainstream
• mainstreaming
• main street
• maintain
• maintenance
• major
• majority
• majority interest
• major-league
• make
• makegood