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Real Estate Glossary
Welcome to our online Real Estate glossary. To search for a term,
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Absentee Bid:
A procedure which allows a bidder to participate in the bidding process without being physically present. Generally, a bidder submits an offer on an item prior to the auction. Absentee bids are usually handled under an established set of guidelines by the auctioneer or his representative. The particular rules and procedures of absentee bids are unique to each auction company.
As defined by National Auctioneers Association
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See Also:
» Absentee Bidder
The definition for Absentee Bid and
this glossary as a whole are presented to you as a courtesy of ForeclosuresRI.
For other terms, explinations, definitions and descriptions, please
visit our Glossary page.
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