Yankee Auction

Business, Legal & Accounting Glossary

Definition: Yankee Auction

Yankee Auction

Quick Summary of Yankee Auction

An auction of multiple identical items in which the winning bidders pay the prices that they have bid. For a contrasting system, see ‘Dutch auction’.

Full Definition of Yankee Auction

A Yankee Auction is a type of Dutch Auction in which successful bidders pay the amount they bid rather than the price decided by the lowest qualifying bidder (as in a Dutch Auction). When the auction ends in this style, the highest Bidders win the available merchandise at their bid price.

Yankee Auction FAQ's

What is meant by Dutch auction?

A Dutch auction is a market structure in which the price of something given is established after taking into account all bids in order to arrive at the maximum price at which the entire offering can be sold. A Dutch auction is also a sort of auction in which the price of an item is gradually reduced until it receives a bid.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Yankee Auction. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 31, 2023 https://payrollheaven.com/define/yankee-auction/.
Chicago Manual of Style (CMS):
Yankee Auction. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/yankee-auction/ (accessed: March 31, 2023).
American Psychological Association (APA):
Yankee Auction. PayrollHeaven.com. Retrieved March 31, 2023
, from PayrollHeaven.com website: https://payrollheaven.com/define/yankee-auction/

Definition Sources

Definitions for Yankee Auction are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 18th January, 2022 | 0 Views.