bidding up

bidding up. The act or practice of raising the price for an auction item by making a series of progressively higher bids. • Bidding up is unlawful if the bids are made collusively by persons with an interest in raising the bids. Cf. BY-BIDDING; SHILLING(1). [Cases: Auctions and Auctioneers

7. C.J.S. Auctions and Auctioneers §§ 2, 8–17.]

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词条贡献者

译者Mathew，国际知名法学院国际仲裁与争端解决专业，擅长翻译各种与美国国内仲裁相关的法律文件。