Usually means: Sellers compete, lowering prices successively.
Definitions Related words Mentions
We found 9 dictionaries that define the word reverse auction:

General (1 matching dictionary)
  1. Reverse auction: Wikipedia, the Free Encyclopedia

Business (5 matching dictionaries)
  1. Travel Industry Dictionary (No longer online)
  2. Reverse Auction: Management Dictionary
  3. Reverse Auction: Investopedia
  4. BusinessDictionary.com (No longer online)

Computing (2 matching dictionaries)
  1. reverse auction: Netlingo
  2. Reverse auction: Encyclopedia

Science (1 matching dictionary)
  1. Game Theory Dictionary (No longer online)

Definitions from Wikipedia (Reverse auction)

noun:  A reverse auction (also known as buyer-determined auction or procurement auction) is a type of auction in which the traditional roles of buyer and seller are reversed.


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