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On the Market

Discussion in 'Investing Glossary' started by Glossary, 28th Sep, 2006.

  1. Glossary

    Glossary Active Member

    Joined:
    12th Sep, 2006
    Posts:
    25
    Definition:

    An expression often used by auctioneers once a property has passed its reserve price. What it means is that further bids will, on the fall of the hammer, buy the property. In contrast, if the property has not reached its reserve price before being passed in, it is not "on the market".

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