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LSDefine

Simple English definitions for legal terms

Dutch auction

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A quick definition of Dutch auction:

A Dutch auction is a type of auction where the seller starts with a high price and gradually lowers it until someone buys the item. It can also refer to an auction where multiple identical items are sold to the highest bidders for the price of the lowest winning bid. In securities, it can be a method of tendering stock shares where shareholders indicate how many shares they will sell and at what price, and the corporation buys however many shares it wants at the lowest prices offered.

A more thorough explanation:

A Dutch auction is a type of auction where the price of an item is gradually lowered until someone buys it. There are different types of Dutch auctions:

  1. One type of Dutch auction is when an item is offered at a very high price and then the price is lowered until someone buys it. For example, a painting might be offered for $10,000 and then the price is lowered by $1,000 every minute until someone buys it.
  2. Another type of Dutch auction is when several identical items are offered at the same time and sold to the highest bidders for the amount of the lowest winning bid. For example, if there are 10 identical chairs, each bidder can bid on one chair and the 10 chairs will be sold to the 10 bidders who bid the lowest amount.
  3. In the stock market, a Dutch auction is a method of tendering stock shares. A corporation provides a price range, shareholders indicate how many shares they will sell and at what price, and the corporation buys however many shares it wants at the lowest prices offered.

These examples illustrate how a Dutch auction works. In the first example, the price of the painting is gradually lowered until someone buys it. In the second example, the identical chairs are sold to the bidders who bid the lowest amount. In the third example, the corporation buys shares at the lowest prices offered by shareholders.

Durrett rule | Dutch-auction tender method

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
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.
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