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LSDefine

Simple English definitions for legal terms

fall of the hammer

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A quick definition of fall of the hammer:

Fall of the Hammer: When an auctioneer closes bidding by hitting a hammer or gavel on a surface. This means that no more bids can be made and the item being auctioned is sold to the highest bidder. Sometimes, instead of using a hammer, the auctioneer will make a verbal announcement that bidding is closed.

A more thorough explanation:

Fall of the hammer is a term used in auctions to describe the moment when the auctioneer closes the bidding and announces the winning bid. Traditionally, the auctioneer would bang a hammer or gavel to signal the end of bidding.

For example, if someone is bidding on a painting at an auction, the auctioneer will say "Going once, going twice, sold!" and then bang the hammer to indicate that the bidding is closed and the painting has been sold to the highest bidder.

In some cases, such as online auctions, the auctioneer may not physically bang a hammer, but instead make a verbal announcement that bidding is closed.

Overall, the fall of the hammer is an important moment in an auction because it signifies the end of bidding and determines who the winning bidder is.

fallo | falsa causa

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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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