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reverse auction

Defined in 1 dictionary — U.S. Code

United States Code

47 U.S.C. § 1401 — in this chapter (2 versions over time)

The term “reverse auction” means the portion of an incentive auction of broadcast television spectrum under section 1452(a) of this title, in which a broadcast television licensee may submit bids stating the amount it would accept for voluntarily relinquishing some or all of its broadcast television spectrum usage rights.