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vendor bid. In DICTIOUS you will not only get to know all the dictionary meanings for the word
vendor bid, but we will also tell you about its etymology, its characteristics and you will know how to say
vendor bid in singular and plural. Everything you need to know about the word
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English
Noun
vendor bid (plural vendor bids)
- (finance) A type of bid at an auction which is made by the auctioneer on behalf of the vendor, without any desire to buy the article. This is used as a tactic to keep the bids moving, or to persuade buyers to pay more, or merely to have a higher price to report if the property is passed in. Such a bid is in essence a fiction; if not clearly announced as such, it approaches the deliberate deception of a dummy bid.