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In practice, an auction advertised as " absolute " or " no-reserve " may nonetheless still not sell to the highest bidder on the day, for example, if the seller withdraws the item from the auction or extends the auction period indefinitely, although these practices may be restricted by law in some jurisdictions or under the terms of sale available from the auctioneer.
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practice and auction
Applying the rules and customs of prize law, the courts decided whether the Letter of Marque was valid and current, and whether the captured vessel or its cargo in fact belonged to the enemy ( not always easy, when flying false flags was common practice ), and if so the prize and its cargo were " condemned ", to be sold at auction with the proceeds divided among the privateer's owner and crew.
In practice, however, the Dutch auction is not widely used.
Although extremely important in auction theory, in practice Vickrey auctions are rarely used.
The current practice of selling advertising via a tarp auction began in 1979.
The player could have bid up to that value ( 110 ) during the auction — in practice this would have been too risky because only the ♦ J in the Skat increased the length of the flush to 7.
While many game developers, such as Blizzard ( creator of World of Warcraft ), prohibit the practice, it is common that goods and services within virtual economies will be sold on online auction sites and traded for real currencies.
The price charged to harvest the timber ( the " stumpage fee ") is set administratively rather than through a competitive auction, as is often the practice in the United States.
It is the practice of placing a bid in the final stages of an auction with the aim of removing other bidder's ability to place another bid before the auction ends.
It is common practice amongst auction hosts to charge a winning bidder just slightly more ( e. g. one penny ) than the next highest bidder or the actual amount bid, whichever is lower.
Even though eBay publicly asserts they're " just an auction venue ," they claim this practice violates their policy and in April 2004 asked GoHook to stop downloading and hosting completed auctions.
A similar practice used among ticket resellers is to list an item as an online auction ( such as eBay )-most commonly an innocuous item such as a collector ’ s card-and give the tickets as a bonus to the winning bidder ; thereby not actually selling tickets in order to circumvent ticket laws.
In an auction, bid shading describes the practice of a bidder placing a bid that is below what they believe a good is worth.
practice and advertised
This practice is a cause of confusion, as a hard disk with an advertised capacity of, for example, ""
Such unpalatibility is advertised using bright red, orange, black or white warning colours, a practice known as aposematism.
"), but require that the lawyer states that he or she is not certified by a state board of legal specialization in the advertised practice area.
Minimum advertised price or MAP ( also known as resale price maintenance, or RPM ) is the practice of a manufacturer providing marketing funds to a retailer contingent on the retailer advertising an end customer price at or above a specified level.
However, unlike its rival companies, Packard Bell was judged not to have advertised the practice sufficiently in its warranties ( Compaq, for instance, disclosed it in the warranty statement ).
Reflecting common practice among American lotteries, the jackpot is advertised as a nominal value of annual installments.
The practice of wholesaling is often advertised as " No Money Down and No Risk " by many real estate coaching companies and infomercials since the actual deposit can be as little as $ 10 and in effect even the deposit can be returned if the wholesaler cancels the contract prior to the end of the inspection period.
practice and absolute
On the one hand, the seventeenth century divine, John Cosin, held that episcopal authority is jure divino, but that it stemmed from " apostolic practice and the customs of the Church ... absolute precept that either Christ or His Apostles gave about it " ( a view maintained also by Hooker ).
While in theory King Louis XVI was an absolute monarch, in practice he was often indecisive and known to back down when faced with strong opposition.
Some of the characteristics of a presidential system ( i. e., a strong dominant political figure with an executive answerable to them, not the legislature ) can also be found among absolute monarchies, parliamentary monarchies and single party ( e. g. Communist ) regimes, but in most cases of dictatorship, their stated constitutional models are applied in name only and not in political theory or practice.
A letter is often appended to the psi unit to indicate the measurement's zero reference ; psia for absolute, psig for gauge, psid for differential, although this practice is discouraged by the NIST.
In practice, North Korea functions as a single-party state under a totalitarian family dictatorship, described even as an absolute monarchy with Kim Il-sung and his heirs
Despite the constitution's provisions for democracy, in practice, until 2011, Kim Jong-il exercised absolute control over the government and the country.
In modern practice, when the Government party has an absolute majority in the House, only the express vote " that this House has no confidence in Her Majesty's Government " is treated as having this effect ; dissentients on a minor issue within the majority party are unlikely to force an election with the probable loss of their seats and salaries, and any future in the party.
In general, these philosophers argue that truth was not about getting it right or representing reality, but was part of a social practice and language was what served our purposes in a particular time ; to this end Poststructuralism rejects any definitions that claim to have discovered absolute ' truths ' or facts about the world.
In practice, however, the definition means that high-precision realizations of the second should compensate for the effects of the ambient temperature ( black-body radiation ) within which atomic clocks operate, and extrapolate accordingly to the value of the second at a temperature of absolute zero.
Although, in theory, the country is an absolute monarchy, in practice major policy decisions are made outside these formal governmental structures and not solely by the king.
In practice, this means that the leader of the political party with an absolute majority of seats in the House of Commons is chosen to be the Prime Minister.
Relative and absolute pitch work together in actual musical listening and practice, but strategies in using each skill vary.
Although there is this special history of debate concerning reason and faith in the Islamic, Christian and Jewish traditions, the pursuit of reason is sometimes argued to be compatible with the other practice of other religions of a different nature, such as Hinduism, because they do not define their tenets in such an absolute way.
Relevant is the fact that certainty is never absolute in practice ( and not just because of David Hume's problem of induction ).
In practice the apparent horizon has a negative altitude, whose absolute value gets larger as the observer ascends higher above sea level, due to the curvature of the Earth.
Li's spiritual authority within the practice is absolute, yet the organization of Falun Gong works against totalistic control, and Li does not intervene in the personal lives of adherents.
In theory, the absolute monarch exercises total power over the land and its subject people, yet in practice the monarchy is counterbalanced by political groups from among the social classes and castes of the realm: the aristocracy, clergy ( see caesaropapism ), bourgeoisie, and proletarians.
In the work, as in his own life, Dōgen emphasized the absolute primacy of shikantaza and the inseparability of practice and enlightenment.
There is general agreement upon the colors for more common practices, particularly those with an intuitive relation between the color and the practice, such as yellow for urolagnia ; brown for coprophilia ; and black for SM, but no absolute consensus for less common practices.
In practice, however, Kim Jong-il exercised absolute control over the government and the country.
* Hyperbolic absolute risk aversion ( HARA ) is the most general class of utility functions that are usually used in practice ( specifically, CRRA ( constant relative risk aversion, see below ), CARA ( constant absolute risk aversion ), and quadratic utility all exhibit HARA and are often used because of their mathematical tractability ).
In practice, photographers almost always use relative or perceptual intent, as for natural images, absolute causes color cast, while saturation produces unnatural colors.
A number of classical liberals including John Locke, Thomas Paine, and Jefferson recognized that absolute ownership of natural resources could deprive liberty, but classified the great amounts of land populated by indigenous peoples as " unsettled ", avoiding the issue in theory, if not in practice.
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