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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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triplethread
10:10
@babycat: I only have 1 pierced for that reason
Dkk
10:10
Lmfao, that is risky I hear. @triple
shaquilleoatmeal
10:10
Happy Friday hoes
i got my navel done recently and that shit was annoying for like two weeks but now it's completely fine
babycat
10:11
also my boobs are too big to go without a bra on the regular so people would never know that I have them
triplethread
10:11
I had a saline spray that i used for a couple months but shes all good and guys love it so win win
JumpySubsequentDolphin
10:11
@BulbasaurNoLikeCardio: I’ve only gotten my nose pierced as a baby before I got my nose piercing and it was a very mild experience
i was worried it was gonna catch on things and shit but actually w the way the anatomy works it's totally fine
10:11
@jackfrost11770: Heard you were Russian, DM me
JumpySubsequentDolphin
10:11
like it wasn’t painful or anything and I have no experience w piercings
BulbasaurNoLikeCardio
10:11
@jackfrost11770: depending the piercing she had and the activity they would clack. Like she had ones that would be like chains too
10:11
I have a few words to exchange in our native tongue
babycat
10:11
@renard99: you sound so sinister lmaooo
10:11
LMFAO
babycat
10:12
also I don’t think you can dm without lsd+
BulbasaurNoLikeCardio
10:12
@babycat: they make boob tape so you don't have to wear a bra while keeping them supported and perky looking? At least I think that is what boob tape does
babycat
10:12
Yeah but I’m not gonna tape my boobs everyday that seems so annoying
i'm gonna be honest idk how to dm on here LOL but i think u need lsd+ haha
BulbasaurNoLikeCardio
10:13
I am worried a nose piercing would like mess with my cardio even though everyone says no
10:13
Oh shoot hm
10:13
Do you have Discord
но здравствуй да русский мой первый язык так что :)
10:13
Ахахахах ну давай, добавь меня бро
JumpySubsequentDolphin
10:13
@BulbasaurNoLikeCardio: I’m very confused how would that interfere
10:13
Ща кину свой ник
10:13
Ща кину свой ник
BulbasaurNoLikeCardio
10:14
@babycat: then it sounds like if you get them pierced itll just be a secrete to surprise your future boo with since thy wont be poking out of your shirt
10:14
@jackfrost11770: reynard1 на Дискорде
babycat
10:14
yeah but like is that worth it for me? prob not. I think I like them the way they are
BulbasaurNoLikeCardio
10:15
@JumpySubsequentDolphin: For nose piercing I am thinking the like middle of your nose with the ring kinda thing, think itll like restrict airflow
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