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Meaning of limit bid

Source language: EnglishDictionary language: English

limit bid

noun

Definitions

  1. An offer to buy in an auction for any value up to a specified maximum.

  2. A bid that describes the bidders hand fairly precisely (indicating a small range of high card points and some indication of shape.)

Sources:https://en.wiktionary.org/wiki/limit%20bid

Related words

commission bidupbidbidding pricesealed bidbid pricemegabidreserve pricebidding