final bid
Last offered price
A final bid is the last offer made in an auction or negotiation, after which no further increases are accepted.
In auctions, the auctioneer calls for final bids before closing: Going once, going twice—any final bids?
In business negotiations, a final bid signals the highest price a buyer will pay, intended to end discussion: Our final bid is twelve million, take it or leave it.
- auctionCompetitive public sale
- auction houseFirm conducting competitive sales
- lot numberIdentifier for grouped items
- gavelSmall ceremonial hammer
- soldExchanged for money
sold to · closing · offer · hammer · hammer price · reserve · reserve price · winning · last · highest · deadline · contract · tender · ultimate · clinch · sealed · price · negotiation
- auctionsauction, auctioneer, auction house, auction houses, hammer price
- Bidscounterbid, outbid, overbid, underbid, tender
- desperate measureslast resort, desperate plea, desperation move, last ditch, last chance
- construction costsconstruction costs, material costs, labor rates, contractor fees, quote
- foreclosureforeclosure auction, forced sale, foreclosure prevention, foreclosure notice, foreclosure sale