bid down
The phrase "bid down" is commonly used in financial contexts, particularly auctions, where participants offer progressively lower prices.
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Definition
C1Financial Markets
(technical)To decrease the price of a security by offering progressively lower bids.
Example
- Investors tried to bid down the stock price to get a better deal.
C2Tax Lien Certificates
(technical)To offer lower interest rates on a lien until the lowest bidder wins the auction.
Example
- During the auction, participants bid down the interest rate until the lien was sold.
C25G Network Security
(technical, security)A type of attack where devices are manipulated to use lower-quality network protocols, causing service degradation.
Example
- Hackers attempted to bid down the network, forcing devices to switch to less secure protocols.
Similar
Terms that have similar or relatively close meanings to "bid down":