gestand
English translation: will be honoured
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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| 05:06 Sep 7, 2001 |
| Dutch to English translations [PRO] Bus/Financial | |||||||
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|  Selected response from: Evert DELOOF-SYS Belgium Local time: 23:24 | ||||||
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| na +3 | ...that the bid will be honoured |
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| na +2 | to stand by |
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Answers
26 mins peer agreement (net): +3
...that the bid will be honoured Explanation: Ref (via www.google.com): 3. Bidders All bids are treated as being made in good faith and we expect them to be honoured. If the seller has listed an item for auction - then the seller has explicitly agreed to sell that item for any bids at or above the stated minimum price and expects those bids to be honoured. The minimum price is either 1) the starting price if no reserve price is used or 2) the reserve price. If the seller is using a reserve price - you will know instantly if your bid has met the reserve price by looking at the page - if you see the words 'bid has not exceeded the reserve price' then bidding has not reached the required level. In other words bidders do not know the reserve price until bidding has exceeded the reserve price. HTH |
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