Examlex
The active voice is more direct and concise, so you should use it most of the time.
Auctioneer
An individual or company that conducts auctions by accepting bids and declaring goods sold to the highest bidders.
First-Price Auctions
A type of auction in which the highest bid wins, and the winner pays the amount of their bid.
Highest Bid
The largest amount of money offered for a good or service in an auction.
Second-Highest Bidder
In auctions, the participant who places the second greatest bid, often relevant in contexts where the winner pays the price submitted by this bidder.
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