A type of auction in which sellers bid for the prices at which they are willing to sell their goods or services. In a forward auction, which is opposite of a reverse auction, a seller puts up an item and buyers place bids until the close of the auction, at which time the item goes to the highest bidder.
A type of auction in which sellers bid for the prices at which they are willing to sell their goods or services. In a forward auction, which is opposite of a reverse auction, a seller puts up an item and buyers place bids until the close of the auction, at which time the item goes to the highest bidder.