?Meaning: This refers to the process of determining the issuing price of a product or service by submitting multiple bids within a specified price range to potential buyers.

Pronunciation: /b??t?nd/

Usage: This term is commonly used in financial and business contexts, particularly in the process of selling securities or other assets.

Example Sentences:

1. The company's shares were priced through a bidding process, with the final price being determined by the cumulative bids placed by interested investors within the specified range.

公司的股票是通過競(jìng)標(biāo)的方式定價(jià)，最終價(jià)格由感興趣的投資者在指定范圍內(nèi)累積投標(biāo)決定。

2. The auction for the rare artwork was won by a bidder who offered the highest cumulative bid within the set price range.

這件稀有藝術(shù)品的拍賣由出價(jià)最高、在指定價(jià)格范圍內(nèi)累積投標(biāo)最多的競(jìng)標(biāo)者獲得。

3. In order to determine the fair market value of their property, the owners decided to sell it through a cumulative bidding process.

為了確定他們房產(chǎn)的公平市場(chǎng)價(jià)值，業(yè)主決定通過累積競(jìng)標(biāo)的方式出售。

4. The government's privatization plan involved inviting bids from interested parties through a cumulative bidding process.

的私有化計(jì)劃涉及通過累積競(jìng)標(biāo)的方式邀請(qǐng)感興趣方出價(jià)。

5. The final sale price of the antique vase was determined through a cumulative bidding process, with multiple bidders competing for it.

這件古董花瓶的最終銷售價(jià)格是通過累積競(jìng)標(biāo)的方式確定的，多個(gè)競(jìng)標(biāo)者爭(zhēng)相競(jìng)購(gòu)。

Synonyms and Usage:

- Competitive Bidding: This term is often used interchangeably with cumulative bidding and refers to the process of determining a price through competing bids.

- Auction: This refers to a public sale in which items are sold to the highest bidder.

- Tender: This term is commonly used in the context of government contracts, where bids are invited for a specific project or service.

- Bidder: This refers to an individual or organization that submits a bid in a competitive bidding process.

Editor's Summary:

Cumulative bidding is a common practice in various industries, particularly in finance and business, where it is used to determine the price of products or services through competing bids. It involves inviting interested parties to submit multiple bids within a specified price range, with the final price being determined by the cumulative value of these bids. Other terms that are closely related to cumulative bidding include competitive bidding, auction, and tender.