Examlex
The number of common shares authorized can never be greater than the number of shares issued.
Vickrey Auction
A type of sealed-bid auction where the highest bidder wins but pays the price offered by the second-highest bid.
Foreclosed
The judicial procedure that ends an owner's claim to a property, often because of the inability to keep up with mortgage payments.
Expected Revenue
The anticipated amount of money that a business expects to receive from its activities or sales, based on probabilistic assessment of future sales.
Private-Values Auction
A type of auction in which each bidder knows their own valuation of the item for sale, but this valuation is private and may differ from that of other bidders.
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