AUCTION MARKET Definition

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AUCTION MARKET is a trading system in which buyers enter competitive bids and sellers enter competitive offers simultaneously. This, as opposed to the over-the-counter market, where trades are negotiated. Examples: the NYSE and the AMEX. It is sometimes called double auction market.

Learn new Accounting Terms

TRADE RECEIVABLES (NET) are all accounts from trade, net of allowance for doubtful accounts.

CREDIT CONTROL is policies and procedures aimed at controlling the granting of credit.

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