Glossary

Bid Form
The web page that contains all "details" specific to a certain auction. This page provides complete item, high bidder and closing information. Bids are submitted by the bidder from this page.

Bid History
A summary of bidding information submitted by bidders for a particular auction. The bid history contains the amount of highest bid placed, time entered and the Username of each unique bidder. Bid amount information is made available after the close of the auction.

Bid Increment
The minimum acceptable amount a bidder must enter to raise the current high bid as dictated by the system wide. Bid increments are always based on the current bid. Therefore, the bid increment may be different if the current bid is $10 versus when it is $250.
For example, if Bidder A holds the current high bid at $130 and the bid increment at that level is $10, then Bidder B must bid at least $140.

Current Bid
The Current Bid is the amount at which the current bidder holds the bid at the current time. If the auction is closed, the Current Bid is known as the Winning Bid.

Minimum Bid
The Minimum Bid identifies the minimum acceptable amount that is required for a bidder to place a bid on a item. The Minimum Bid is calculated using the Bidding Increment Rules and the current high bid. For example, if the current high bid is $100 and the Bid Increment is $10 at the $100 level, then the Minimum Bid is $110.

Opening Bid
The Opening Bid is the minimum amount required to place the first bid on a listing. If the starting bid is $100, the first bidder must bid $100 (or greater if limit bidding applies) to start the bidding.

Username
A Username uniquely and anonymously identifies one bidder from another. A Username is your bidding "handle" or identity. You may change your Username at any time by accessing the Profile section of My Account. A Username and Password provide users with log-in access to the My Account console.

Watch List
The Watch List allows users to conveniently keep track of items of interest. Users may add items to their Watch List during the bidding process by setting the respective bidding preference. An item can also be added to the Watch List by selecting the Watch List icon displayed on the item bid form.

Winning Bidder
The Winning Bidder is the Bidholder who holds the Current Bid after the close of the auction. The Bidholder is bound by the Terms and Conditions to complete the transaction.