reverse auction
Defined in 1 place of the United States Code.
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.
Source
- 2012–present47 U.S.C. § 1401Telecommunications · Definitions · in this chapter