advance bid

advance bid
A bid made after a judicial sale at an advance of at least ten per cent over the bid received at the sale, such advance bid being made as a condition of re-opening the bidding. 30A Am J Rev ed Jud S § 106.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

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  • Bid rigging — is an illegal agreement between two or more competitors. It is a form of collusion, which is illegal in most countries. It is a form of price fixing and market allocation, and it involves an agreement in which one party of a group of bidders will …   Wikipedia

  • advance — ad·vance 1 vt ad·vanced, ad·vanc·ing: to supply or provide ahead of time: as a: to give (a gift) by way of or as an advancement b: to supply (as money) beforehand in expectation of repayment or other future adjustment advance 2 n: a provision of… …   Law dictionary

  • advance — vb 1 Advance, promote, forward, further all mean to move or put ahead, but they come into comparison chiefly when they imply help in moving or putting (something) ahead. Advance usually implies effective assistance, as in hastening a process {the …   New Dictionary of Synonyms

  • bid — [n1] offering of money or services advance, amount, declaration, feeler, hit, invitation, offer, pass, price, proffer, proposal, proposition, request, submission, suggestion, sum, summons, tender; concepts 67,330 bid [n2] endeavor attempt, crack …   New thesaurus

  • bid — vb 1 *command, order, enjoin, direct, instruct, charge Analogous words: *summon, summons, call, cite Antonyms: forbid Contrasted words: prohibit, enjoin, interdict, inhibit (see FORBID) 2 *invite, solicit, court, woo …   New Dictionary of Synonyms

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  • bid — Synonyms and related words: adjuration, advance, appeal, approach, ask, asking price, assay, attempt, bargain, bargain price, beat down, beseechment, bid for, bid in, bid price, bid up, biddance, bidding, call, call on, call the signals, call… …   Moby Thesaurus

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