Examlex
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Winning Bid
The highest offer made in an auction that ultimately leads to the purchase of the item or asset up for bidding.
Bidders Values
The individual valuations that bidders assign to the item for auction based on their personal or company interests.
Sealed-Bid
A type of auction or bidding process where all bidders simultaneously submit sealed bids, with no bidder knowing the bid of any other participant.
Bid Aggressively
The strategy of actively and assertively placing higher bids to secure an auctioned item or a contract.
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