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Meaning of 'Dutch auction'

What does the saying 'Dutch auction' mean?

Idiom: Dutch auction

Meaning:

If something is sold by setting a price, then reducing it until someone buys it, it is sold in a Dutch auction. It can also mean that something is changed until it is accepted by everyone.
Country: International English | Subject Area: Nationality or ethnicity | Usage Type: Both or All Words Used
All idioms have been editorially reviewed. Submitted idioms may have been edited for correctness and completeness.
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