What does proposed mean in auctions?

Proposed means that the high bidder has placed a proposal on the item. The proposal is a bid that is placed with the intention of buying the item if the current high bid falls below their proposal amount. If the current high bid (or the final high bid, if there is one) does fall below the proposal amount, the bidder will automatically be notified and will have an opportunity to pay the proposed amount to buy the item. If the bidder does not pay the proposal amount, the auction will end

What does the word proposed mean in auction?

The proposed price in an auction is the price that the seller initially offers. It is different from the final sale price. While the final sale price is the price the bidder pays for the item, the proposed price is the price the bidder initially agrees to pay, or the minimum price they are willing to pay for the item.

What does the word proposed mean in auctions online?

A proposed bid is an initial bid that you make on an item for sale during an online auction. This bid is not binding, meaning the buyer does not have to pay the amount of the bid. Instead, the auction host will accept the bid you placed as the final bid for that item. Once the auction is over, the winner will pay the final bid amount plus any applicable taxes.

What does the word proposed mean in eBay auctions?

If you see a “Buy It Now” price on an item in an eBay auction, then you won’t be able to immediately purchase that item. You’ll need to first place a bid on the item. The bid amount doesn’t have to match the final auction price. It just needs to be more than the current highest bid. If someone else bids on the item while you’re the current highest bidder, then you’ll lose the auction

What does the word proposed mean after bidding?

The term proposed means that the bidder proposed a price. If the final bid is lower than the proposed bid, the bidder loses the auction. However, if the final bid is equal to or higher than the proposed price, the bidder wins the auction.