Dutch Auction
Defined in 4 dictionaries — Cyclopedic (1922), Ballentine's (1916), Black's (1910), Black's (1891)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
An auction at which the auctioneer fixes a price for the articles offered, which is gradually lowered until accepted. See 18 Hun (N. Y.) 475.
Ballentine's Law Dictionary
James A. Ballentine · 1916
One in which the auctioneer submits a high price and lowers it until there is an acceptance. See 28 Ohio St. 479.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
See Auction.
A Dictionary of Law
Henry Campbell Black · 1891
A method of sale by auction which consists in the public offer of the property at a price beyond its value, and then gradualiy lowering the price until some one becomes the purchaser. 28 Ohio St. 482.