Dutch auction

Definition of "Dutch auction"
  1. An auction where all successful bidders pay the same amount, specifically the lowest price that allows all items to be sold
How to use "Dutch auction" in a sentence
  1. They managed to sell all the shares at a Dutch auction, ensuring an equal yield for every participant.
  2. The company used a Dutch auction to sell its debts so as to facilitate a fair distribution of yield.
  3. During the Dutch auction, all winning bidders ended up paying the same price for each unit.

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