• a public sale in which a fixed number of similar things are sold at the same price. Each buyer asks for a particular amount and offers a particular price that they are willing to pay. The buyer that offers the most is the first to receive the goods that they have asked for, and then the goods are sold to other buyers in order, according to how much they have offered, until all the goods are gone. The price of the goods is then fixed at a level that is the same for every buyer:


    Uniform price auction meaning & definition 1 of Uniform price auction.

Similar Words

What is Define Dictionary Meaning?

Define Dictionary Meaning is an easy to use platform where anyone can create and share short informal definition of any word.
Best thing is, its free and you can even contribute without creating an account.



This page shows you usage and meanings of Uniform price auction around the world.