What does NRL mean in auctions?

This abbreviation stands for No Reserve Leslie, where the bidding begins at a price set by the seller. In a No Reserve auction, you can only bid on a property if the seller accepts the minimum bid price. In other words, if you’re interested in bidding on a property, you must place a high enough bid to beat the current bid. If you place a bid that’s lower than the accepted bid, you won’t be able to purchase the property.

What does NRL stand for in auctions?

The acronym nrl is used in finance to describe the net realizable value of a loan. It is the difference between the loan's original cost, adjusted for any depreciation, and the current market value of the collateral securing the loan.

What does NRL mean in a sentence?

No Reserve Lender. This is one of the most commonly used terms in the mortgage industry today. It means that the lender giving you the loan is not taking a security interest in the house itself, but instead is only placing a lien on the property for the amount of the loan. This means if you default on your loan payments, the lender can legally take control of the property and sell it to pay off the balance owed.

What does NRL mean in business?

No-reserve lot auctions are a type of auction where the highest bidder can purchase an item without knowing the final price. The price is set by the auctioneer according to the bids made on the items being auctioned.

What does NRL mean in English?

The acronym NRL is an abbreviation for next of the line. It is the line number of the next available lot for bidding in live online auctions. In the case of a tie, the bidder with the highest bid on the last item wins the auction. In the case of live bidding in person, the bidder with the highest available bid is the winner.