AUCTION MARKET Definition

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

INCUR is acquiring or getting into something undesirable or making oneself subject to; bring upon oneself; become liable to, e.g. to incur a cost or debt.

CASH BILL is a documented receipt of cash payment as opposed to an invoice or promise to pay.

Suggest a Term