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afmijning

English translation: (succesful) bid at a public auction

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Dutch term or phrase:	afmijning
English translation:	(succesful) bid at a public auction
Entered by:	ddescamps

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03:01 Oct 14, 2008

Dutch to English translations [PRO]
Bus/Financial - Finance (general)

Dutch term or phrase: afmijning

This is a text about the proceedings of a Dutch auction. I have no idea how to convey this meaning: 'De veiling vindt plaats in twee fasen: eerst de inzet bij opbod en vervolgens de afslag bij afmijning.'

ddescamps KudoZ activity Questions: 59 (none open) (3 without valid answers) Answers: 1 Belgium
Local time: 08:56

(succesful) bid at a public auction

Explanation:
You have to see how the sentence best goes:
(Van Dale:) bij afslag: buy at a Dutch auction
context:
het huis werd afgemijnd op fl 100.000: the house went for f 100,000 (at the auction)
iemand afmijnen: outbid someone
een werk op fl 100.000 afmijnen: make a successful bid of f 100,000 for a work, purchase / buy for f 100,000 at an auction