Bidding – this term could have two different meanings:

– it details an auction (public or a private one) for sale of goods/items. In practice, auctions are performed by bailiffs with the seized assets of the debtor. They do it in order to raise funds for satisfaction of their creditors.

– Could also mean an offer made during an auction for sale of goods/items. e The offer consists of a concrete amount, which the bidder seeks to be the bigger among other offers. For example, bids are made on public auctions, organized by the local bailiffs or enforcement agents (depending on the provisions of the local legislation).

See also “Public sale”

See also “Public auction”

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