advance bid

advance bid
A bid made after a judicial sale at an advance of at least ten per cent over the bid received at the sale, such advance bid being made as a condition of re-opening the bidding. 30A Am J Rev ed Jud S § 106.

Ballentine's law dictionary. . 1998.

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  • advance — ad·vance 1 vt ad·vanced, ad·vanc·ing: to supply or provide ahead of time: as a: to give (a gift) by way of or as an advancement b: to supply (as money) beforehand in expectation of repayment or other future adjustment advance 2 n: a provision of… …   Law dictionary

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  • bid — [n1] offering of money or services advance, amount, declaration, feeler, hit, invitation, offer, pass, price, proffer, proposal, proposition, request, submission, suggestion, sum, summons, tender; concepts 67,330 bid [n2] endeavor attempt, crack …   New thesaurus

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  • bid — Synonyms and related words: adjuration, advance, appeal, approach, ask, asking price, assay, attempt, bargain, bargain price, beat down, beseechment, bid for, bid in, bid price, bid up, biddance, bidding, call, call on, call the signals, call… …   Moby Thesaurus

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