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Knowledge Base
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Glossary
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Knowledge Base Glossary
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Glossary Words 1 - 6 of 6
Category Listings
The categories in which an online auction site organizes its auctions.
Caveat Emptor
The Latin phrase for "let the buyer beware." It is a legal maxim, meaning that liability is transferred from the seller to the buyer in regard to the quality or condition of the item or property up for sale.
Collusion
An unlawful practice in which two or more people agree not to bid against one another in order to deflate the potential value of an item. Also known as bid rigging.
Conditions of Sale
The legal terms that govern the conduct of a given auction. The conditions might include a reserve price, specific method of payment, or buyer premium.
Contact Information
The user information, including name, address, email, and phone number, provided when registering at an online auction site. All online auction sites require registered users to submit valid contact information.
Contract
A binding legal agreement between two or more persons or entities.
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