What's the difference between auction and bid?

Auction


Definition:

  • (n.) A public sale of property to the highest bidder, esp. by a person licensed and authorized for the purpose; a vendue.
  • (n.) The things sold by auction or put up to auction.
  • (v. t.) To sell by auction.

Example Sentences:

  • (1) We’re learning to store peak power in all kinds of ways: a California auction for new power supply was won by a company that uses extra solar energy to freeze ice, which then melts during the day to supply power.
  • (2) The small print revealed that Osborne claimed a fall in borrowing largely by factoring in the proceeds of a 4G telecomms auction that has not yet happened.
  • (3) The four other works were sold at auction at Christie's and disappeared into private collections.
  • (4) When I moved house a little while ago, a friend suggested using another service in the sharing economy – the delivery auction website, AnyVan .
  • (5) Volatility on European markets was "mainly driven by Portugal's disappointing bond auction", said Gavan Nolan, an analyst at Markit.
  • (6) Amber Rudd, the energy secretary, has promised to reform the auction scheme but one of her ministers, Andrea Leadsom, welcomed this year’s awards, arguing they reduced costs for homeowners.
  • (7) The biggest loser could be the state-owned oil company Rosneft, which bought Yukos assets in auctions when the latter's stock was almost worthless.
  • (8) But the Wu-Tang leader went on to speak about it anyhow: “[The album has] been handed over to an auction house, and they plan on doing something,” he said.
  • (9) The 4Growth report calls on government to reinvest the £4bn proceeds from the auction of 4G telecoms licences back into science and technology.
  • (10) Serum C concentrations of the calves (n = 100 x 4 years) were evaluated on their farm of origin, on arrival at an auction market, on arrival at a feedyard, and during their first 4 weeks in the feedyard.
  • (11) The annual capacity market auction – under which power suppliers bid for contracts to feed electricity into the grid – is due to begin on Tuesday.
  • (12) The original version wrongly stated that Madrid had to pay 5.7% at a debt auction to borrow €2.4bn for 12 months, rather than 5.07%.
  • (13) It was described as one of the artist's masterpieces by David Moore-Gwyn, deputy chairman in the UK of Sotheby's, which will auction the painting in December.
  • (14) However, the most spectacular fundraiser was not the auction room but a wedding, when the ninth duke married the American railroad heiress Consuelo Vanderbilt, securing a gigantic dowry, a fortune in shares and an annual allowance.
  • (15) A week after the Tories raised £160,000 by selling a game of tennis with David Cameron and Boris Johnson , the Labour party will on Wednesday be auctioning a five-a-side football match against the "shadow cabinet all-stars".
  • (16) The report said Isis had begun holding online slave auctions with an encrypted application to circulate photos of captured Yazidi women and girls.
  • (17) Another option could be to partner with BSkyB, which is desperate to see off direct rival BT in the next football rights auction, with whom Discovery already has a strong commercial relationship.
  • (18) Maria Miller wanted to launch the debate about BBC charter renewal herself, thus guaranteeing that the future of the BBC would become part of a political auction.
  • (19) There has been a spate of thefts of rhino horns and elephant tusks from European museums, zoos and auction houses in recent years, amid a rising illegal trade in poached or stolen ivory .
  • (20) As Yannis Koutsomitis notes, the Spanish in particular, probably have the ECB to thank for its successful auctions.

Bid


Definition:

  • () of Bid
  • () of Bid
  • (v. t.) To make an offer of; to propose. Specifically : To offer to pay ( a certain price, as for a thing put up at auction), or to take (a certain price, as for work to be done under a contract).
  • (v. t.) To offer in words; to declare, as a wish, a greeting, a threat, or defiance, etc.; as, to bid one welcome; to bid good morning, farewell, etc.
  • (v. t.) To proclaim; to declare publicly; to make known.
  • (v. t.) To order; to direct; to enjoin; to command.
  • (v. t.) To invite; to call in; to request to come.
  • () imp. & p. p. of Bid.
  • (n.) An offer of a price, especially at auctions; a statement of a sum which one will give for something to be received, or will take for something to be done or furnished; that which is offered.
  • (v. t.) To pray.
  • (v. t.) To make a bid; to state what one will pay or take.

Example Sentences:

  • (1) It is not clear whether Sports Direct, which has a history of taking strategic stakes in related companies including Debenhams and JD Sports, will now make a bid.
  • (2) However, the significantly lower relative bioavailabilities for the prolonged-action hydroxymethylnitrofurantoin formulations suggest that Urfadyn PL 100 mg bid and Uridurine 100 mg tid are not pharmacokinetically equivalent to Furadantine MC.
  • (3) The number of seats has been reduced from 72,000 to 68,000, with another 12,000 to be added after the Games to meet the 80,000 minimum required in case Japan launches a bid to host the football World Cup.
  • (4) Asked whether the 2022 bid should be reopened in the wake of the allegations in the Sunday Times, Cameron said: "There is an inquiry under way, quite rightly, into what happened in terms of the World Cup bid for 2022.
  • (5) Read more Grabban, who moved to Carrow Road from Bournemouth in 2014 for around £3m, has been a target for Eddie Howe for some time and the manager had three bids for him turned down in the summer.
  • (6) Sainsbury’s revealed on Tuesday that it had made an approach to buy Home Retail , which also owns DIY chain Homebase, and sources expect the company to return with another bid.
  • (7) At a private meeting last Tuesday, Hunt assured Cameron and the cabinet secretary, Sir Jeremy Heywood, that he had not been aware that his special adviser, Adam Smith, was systematically leaking information and advice to News Corp about its bid for BSkyB.
  • (8) Taxpayers will pick up an immediate £40m bill for compensating the four shortlisted companies that bid for the west coast franchise.
  • (9) 8.25am BST As the day draws to a close it is time to bid the readers adieu and wrap up the live-blog for the day.
  • (10) Los Angeles were relentless in their vicious pursuit of a game-tying goal on Wednesday, bidding to send Game 4 into overtime.
  • (11) A deadline for bids had been set for the previous midnight, but East chose to ignore it.
  • (12) So Huck Finn floats down the great river that flows through the heart of America, and on this adventure he is accompanied by the magnificent figure of Jim, a runaway slave, who is also making his bid for freedom.
  • (13) One source said Coe's "knitting together" of cross-party political support to win the London Olympic bid puts him in a good light.
  • (14) Just months later, Grade popped up fronting a private-equity backed bid for Pinewood from the Rank Group.
  • (15) We wish to thank once again all the Chinese people and people around the world who have supported Beijing 2022 in this extraordinary bid journey.” Earlier, the president Xi threw his weight behind China’s bid, promising the “strongest support” for the Beijing Games in a one-minute video address to the IOC delegates.
  • (16) He was bidding on behalf of an unknown and clearly stupendously rich buyer.
  • (17) We continue to offer customers a great range of beer, lager and cider.” Heineken’s bid to raise prices for its products in supermarkets comes just a few months after it put 6p on a pint in pubs , a decision it blamed on the weak pound.
  • (18) April 12, 2016 Gardner, who previously supported Marco Rubio’s presidential bid, has yet to endorse any of the remaining three candidates.
  • (19) Before bids being lodged, sources had indicated that Sky was not prepared to make a knockout bid to snatch back the rights from BT, which has justified the expense to customers and shareholders as “financially disciplined”.
  • (20) A fired-up Lleyton Hewitt just fell short in his bid to steer Australia to an upset victory in their Davis Cup doubles showdown with the United States.

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