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Results for “Auction marketplace”
Auction Marketplace
An auction marketplace is a digital destination where multiple buyers and sellers participate in auction-led transactions, supported by listings, discovery, bidding, trust controls, payments, commissions and marketplace analytics.
Open destinationConsignment agreement
A legally binding contract formalizing terms under which an asset owner authorizes an auction marketplace to market, catalog, and sell designated property.
Open destinationAutomated clearing house (ACH) batch settlement
An electronic bank-to-bank payment integration used to process high-value commercial auction invoices securely at lower transaction costs than credit cards.
Open destinationBill of lading (BOL)
The legally binding commercial transport document issued by a freight carrier detailing freight type, lot quantities, origin facility, and destination.
Open destinationBonded warehouse holding
A secure customs-supervised facility holding imported or seized auction goods until statutory import tariffs, duties, or export papers are fully settled.
Open destinationBuyer settlement deadline
The contractually stipulated time limit (commonly 24 to 72 hours post-hammer) within which successful bidders must transfer full invoice balances.
Open destinationBuyer's premium
A fee charged to the successful buyer in addition to the winning bid or hammer price, often calculated as a percentage or tiered amount.
Open destinationCommission
A fee paid to the marketplace, auctioneer, or platform operator based on listing, transaction, sale, service, or revenue-share rules.
Open destinationConsignor advance funding
A commercial financing facility providing asset owners with working capital advances against projected auction hammer value prior to catalog publication.
Open destinationConsignor remittance statement
An itemized accounting statement detailing gross hammer prices, deduction of platform commissions, marketing fees, and the net payout sum transferred to the seller.
Open destinationConsignor settlement cycle
The governed timeline between post-auction buyer fund collection and net sales remittance disbursement to the consignor, net of commissions and deductions.
Open destinationContainerized export drayage
Trucking services moving intermodal ocean containers between an inland auction liquidation site and seaport marine terminals for overseas buyers.
Open destinationContinuous double auction
A market format where buyers and sellers continuously submit bids and asks that match automatically whenever a bid price meets or exceeds an asking price.
Open destinationCross-dock freight consolidation
A logistics hub operation consolidating diverse individual auction lots won by a single buyer into consolidated truckloads to minimize shipping overhead.
Open destinationDemurrage and storage penalty
Daily storage fees assessed against defaulting buyers who fail to remove purchased machinery from the auction premises before the removal deadline.
Open destinationDigital wallet balance
A platform-hosted stored-value balance enabling verified corporate bidders to pre-fund accounts and settle winning lots instantaneously upon hammer fall.
Open destinationDispute resolution escrow
A temporary holding state where transaction funds remain frozen in escrow while platform mediators adjudicate buyer claims regarding asset discrepancies.
Open destinationDrop-trailer loading sequence
A logistics strategy where freight carriers position empty flatbeds or trailers on-site for gradual loading by facility rigging teams over multiple days.
Open destinationEscrow
An arrangement where funds or assets are held by a trusted party until defined transaction conditions are satisfied.
Open destinationEscrow milestone release
A conditional settlement protocol holding funds in escrow until post-sale physical inspection, clear title handoff, or delivery conditions are formally satisfied.
Open destinationFulfillment
The post-transaction process covering payment confirmation, documentation, picking, release, collection, delivery, or service completion.
Open destinationGMV
Gross merchandise value: the total value of transactions completed or recorded through a marketplace before commissions, refunds, and other adjustments.
Open destinationKnow Your Customer (KYC)
Identity and due-diligence checks used to verify customers, sellers, buyers, or counterparties before granting transaction privileges.
Open destinationLate payment penalty accrual
Automated daily interest or administrative fee calculations applied to delinquent bidder accounts that exceed standard settlement grace periods.
Open destinationLiquidity
The ability of a marketplace or auction to consistently match qualified supply and demand with enough participation to support transactions.
Open destinationMarketplace operator
The organization responsible for participant governance, listings, transactions, services, commercial rules, support, and marketplace performance.
Open destinationMerchant of record (MoR)
The legal entity authorized to process payments, handle cardholder disputes, absorb chargebacks, and remit transactional sales taxes for auction marketplaces.
Open destinationMulti-currency currency hedging
A treasury management tool mitigating foreign exchange exposure when international bidders settle lots in foreign currencies against the consignor's base currency.
Open destinationNegotiated sale
A transaction completed through direct commercial discussion rather than solely through competitive bidding, sometimes following an auction.
Open destinationNetwork effect
The increase in marketplace value that can occur as more relevant sellers, buyers, services, data, and transactions participate.
Open destination