What is the difference between auction and bid?
auction | bid |
A public event where goods or property are sold to the highest bidder.
*{{quote-magazine, date=2014-07-12, volume=412, issue=8895, magazine=(The Economist)
, title= (medicine) Bis in die : twice a day, two times per day.
Commonly written as: "amoxicillin 500 mg BID ", read as: "amoxicillin totalling 500 milligram dosage (daily total), taken two times a day".
As nouns the difference between auction and bid
is that auction is a public event where goods or property are sold to the highest bidder while bid is an offer at an auction, or to carry out a piece of work.As verbs the difference between auction and bid
is that auction is to sell at an auction while bid is to issue a command; to tell.As an initialism BID is
Bis in die: twice a day, two times per day.auction
English
(wikipedia auction)Noun
(en noun)Competition, hammered, passage=Auctions' come in a wide variety. In a “Dutch '''auction'''”, often used to sell flowers and fruit, prices start high and gradually drop until a bidder is willing to pay up. A “Japanese '''auction'''” is a bit like poker: bids rise with each round and anyone who wants to win must bid every time. Vendors using ' auctions rid themselves of the headache of choosing prices and instead just pick the rules bidders must follow.}}