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federal auctions

Comprehensive Analysis

1) "Federal" -- As to federal auctions fed·er·al Pronunciation: 'fe-d(&-)r&l Function: adjective Etymology: Latin foeder-, foedus compact, league; akin to Latin fidere to trust -- more at BIDE 1 archaic : of or relating to a compact or treaty 2 a : formed by a compact between political units that surrender their individual sovereignty to a central authority but retain limited residuary powers of government b : of or constituting a form of government in which power is distributed between a central authority and a number of constituent territorial units c : of or relating to the central government of a federation as distinguished from the governments of the constituent units 3 capitalized : advocating or friendly to the principle of a federal government with strong centralized powers; especially : of or relating to the American Federalists 4 often capitalized : of, relating to, or loyal to the federal government or the Union armies of the United States in the American Civil War 5 capitalized : being or belonging to a style of architecture and decoration current in the United States following the American Revolution - fed·er·al·ly /-d(&-)r&-lE/ adverb Pronunciation Symbols Federal or foederal (archaic) may refer to: Federal, an adjective describing federalism or a federation Federal republic, a federation of states with a republican form of government Federal government of the United States, especially as contrasted with State or local government Federal district, a subdivision of a federal system of government, generally considered a separate entity under the direct control of the federal government. Federal style architecture, a U.S. style of Georgian architecture Federal (Amtrak), a passenger train providing overnight Boston–Washington, DC service in 2003 and 2004 Federal Cartridge, a U.S. manufacturer of ammunition Federal Records, a subsidiary label of King Records ..." 2) "Auctions" -- As to federal auctions 1auc·tion Pronunciation: 'ok-sh&n Function: noun Etymology: Latin auction-, auctio, from augEre to increase -- more at EKE 1 : a sale of property to the highest bidder 2 : the act or process of bidding in some card games Pronunciation Symbols An auctioneer and her assistants scan the crowd for bidders An auction is the process of buying and selling things by offering them up for bid, taking bids, and then selling the item to the highest bidder. Auctioning can be traced as far back as 500 B.C.[1] In economic theory, an auction is a method for determining the value of a commodity that has an undetermined or variable price. Auctions can be with reserve or minimum, or without minimums, or absolute or no reserve. In reserve auctions, there is a minimum bid or reserve price; if the bidding does not reach the minimum, there is no sale (but the person who puts the item up for auction may still owe a fee to the auctioneer or auction company). In absolute or no reserve auctions, the sale is guaranteed, with only the price left to be determined. In the context of auctions, a bid is an offered price. 1 History of the Auction 2 Additional Information 3 Types of auctions 3.1 Primary types of auctions 3.2 Other auction terminology 4 See also 5 Further reading 6 Footnotes However, according to ancient Greek scribes, the more generally accepted auction occurred first in Babylon in 500 B.C. During this period, auctions were held annually, and women were sold on the condition of marriage. It was considered illegal to allow a daughter to be sold outside the auction method. Women with “beauty” engendered higher bidding, women without “beauty” had to pay a dowry to be accepted into the auction, and thus the price would be negative. During the Roman Empire, following military victory, Roman soldiers would often spear the ground to mark the location of spoils in which goods and property were seized. Roman business agents were said to have accompanied warriors into battle to help facilitate expected sales...." 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