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LSDefine

Simple English definitions for legal terms

auction market

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A quick definition of auction market:

An auction market is a place where people buy and sell things by bidding against each other. It's like a game where the highest bidder wins. This type of market is usually used for buying and selling stocks and other investments. It's different from a negotiated market, where buyers and sellers talk to each other to agree on a price. In an auction market, the price is set by the highest bidder.

A more thorough explanation:

An auction market is a type of market where securities are bought and sold through competitive bidding by brokers. This means that buyers and sellers come together to bid on the price of a security until they reach an agreement. The New York Stock Exchange is an example of an auction market.

For example, if a buyer wants to purchase a share of a company's stock, they will place a bid for a certain price. If a seller is willing to sell their share for that price, the transaction will take place. The bidding process continues until all buyers and sellers have reached an agreement on the price.

Another example of an auction market is an art auction, where buyers bid on artwork until the highest bidder wins the piece.

Auction markets are different from negotiated markets, where buyers and sellers negotiate the price of a security directly with each other.

auctioneer | auction sale

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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