reverse auction
US: rɪˈvɝːs ˈɔkʃən
Definition

Definition of reverse auction - Reverso English Dictionary

Noun

businessTECH.type of bidding event where sellers compete by offering decreasing pricesTECH.
  • The company held a reverse auction to choose its new office supplies vendor.
care heal

Adjective

businessTECH.USrelated to a buying process where sellers compete by lowering pricesTECH.US
  • The company adopted a reverse auction model for all major supply contracts.
amuse entertain
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Expressions with reverse

reverse outv.
move backward out of a space
She had to reverse out of the parking spot.
reverse one's fortunesv.
change a situation from bad to good
The team managed to reverse their fortunes with a new coach.
reverse Midas touchn.
ability to make good things turn bad or worthless
He has a reverse Midas touch with every project.
suffer a reversev.
experience a setback or failure unexpectedly
The team suffered a reverse in the final match.
in reverseadv.
moving backward or in the opposite direction
The car moved in reverse to park.
go into reversev.
start moving backward by using the reverse gear
The car will go into reverse if you shift the gear.

Expressions with auction

auction offv.
sell something to the highest bidder
They decided to auction off their grandfather's watch collection..
Dutch auctionn.
auction selling many identical items at decreasing prices
The company used a Dutch auction to sell its shares.
auction housen.
building where auctions are held
The auction house was packed with eager bidders.
auction pricen.
money amount paid or highest bid for something at an auction
The auction price for the painting was much higher than expected.
auction siten.
website where people sell things by bidding against each other
He bought the vintage camera on an auction site for half the price.
public auctionn.
sale where goods are openly bid on by anyone interested
The seized cars were sold at a public auction last weekend.
auction roomn.
place for selling items to the highest bidder
He bought the painting in an auction room.
online auctionn.
sale of goods via the internet
She bought the painting at an online auction.
put up for auctionv.
offer something to be sold to the highest bidder
They put up for auction the old painting.
auction marketn.
market where goods are sold to the highest bidder
The painting was sold at the auction market for a high price.

Terms related to reverse auction

💡 Terms in the same lexical field: analogies, antonyms, common collocates, words with same roots, hypernyms…
attendcurediagnosemedicatenurseprescriberehabilitateremedydelightdivertenjoyindulge

Examples of reverse auction in a sentence

  • The procurement team suggested a reverse auction to cut software licensing costs.
  • We implemented a reverse auction platform to source office supplies more cheaply.
  • The new reverse auction system cut our procurement costs by 15 percent.

View all translations of reverse auction

✨Click below to see the appropriate translations facing each meaning.
  1. French:enchère inversée, d'enchère inversée, ...
  2. German:umgekehrte Auktion, reverseauktionbasiert, ...
  3. Italian:asta inversa, relativo a un'asta inversa in cui i fornitori competono al ribasso, ...
  4. Spanish:subasta inversa, de subasta inversa, ...
  5. Portuguese:leilão inverso, de leilão reverso, ...
  6. Chinese:反向拍卖, 反向拍卖的, ...
  7. Japanese:リバースオークション, 逆オークションの, ...
  8. Arabic:مَزاد عَكْسِيّ, مُزَايَدَة عَكْسِيَّة, ...
  9. Hebrew:מִכְרָז הָפוּךְ, רֶכֶשׁ הָפוּךְ, ...
  10. Russian:обратный аукцион, обратно-аукционный, ...
  11. Ukrainian:зворотний аукціон, реверсивного аукціону, ...
  12. Hindi:उलटी नीलामी, प्रतिलोम नीलामी, ...
Browse the dictionary entries starting with “r”:
reverse reverse arms reverse camber reverse charge

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