Dutch auction
noun/ˌdʌtʃ ˈɔːkʃn/, /ˌdʌtʃ ˈɒkʃn/
/ˌdʌtʃ ˈɔːkʃn/
- a sale in which the price of an item is reduced until somebody offers to buy it
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Dutch auction
Definition of Dutch auction noun from the Oxford Advanced Learner's Dictionary