Second Price Auction
A type of auction ad network used to serve ads where the winner of the auction pays only $0.01 more per ad placement than the runner-up.
A mechanism where the highest bidder wins by paying the second highest bid plus one cent. Encourage buyers to bid at fair value, as the price they pay is always equal to or less than your bid. Second prize auctions are gradually giving way to first prize auctions.
A type of auction in which the highest bidder pays a price equal to the second-highest bid. Also known as the Vickrey Auction. This type of auction has been used for over a century to buy and sell various goods and services and is based on game theory applied to auction dynamics. This is a type of auction that is widely used in the online advertising industry.
Literal Meanings of Second Price Auction
Second:
Meanings of Second:
Something second.
Something that is next in rank, quality, seniority, position, status or authority.
Next place below or after first place in a race or competition.
(usually plural) A manufactured item that is still usable but does not meet quality control standards.
(usually plural) An extra meal.
The chance or attempt to do what should have been done the first time usually points to success this time. (See second hypothesis).
The interval between two adjacent notes in a diatonic scale (one or both can accidentally go up or down in the original scale).
Second engine gear.
Second base.
A one-party agent in an honor dispute whose job was to try to settle the dispute or settle a duel.
A puppy called to help the six.
Accept as second person (proposal), usually to reach the required quorum of two. (See #Etymology 3 for translations).
Go to the next location to succeed.
Go after the lead climber.
The number two follows the first, and there is nothing in between. Sequence number corresponding to cardinal number two.
Next to the first in courage, strength, skill, dignity or junior secondary rank.
Be of the same as the one who preceded the other.
(in superlatives) After first in second place.
After the first appearance, but before the third.
The sixtieth of a minute is the SI unit of time, defined as the duration of 9,192,631,770 emission periods corresponding to the transition between two hyperfine levels of cesium-133 in the ground state at absolute zero temperature and at rest.
Unit of angle equal to one sixtieth of a minute of arc or a fraction of 3600 degrees.
Short and indefinite time.
Someone who supports another in a match or fight, such as a duelist's B. assistant.
One who self approves or approves a proposal or an action, as is required in some meetings to pass judgment, etc.
Help help.
Temporary transfer to another job.
Help or support again.
Accept as second person (proposal), usually to reach the required quorum of two. (Perhaps it came from the English adjective above).
Accompany while singing as a second interpreter.
Sentences of Second
They were discounted because they had defects, cuts or other factory seconds.
It was a good casserole. I hope I have seconds.
I support the request.
He lives on Second Street.
The people of Texas have been preparing for Hurricane Harvey, which will, in a sense, be the second Hurricane Katrina.
Saturn is the second largest planet.
Today he is second in the battle.
I'll be right there.
If we want the movement to take place, we need a second one.
When performing civilian duties, an army officer was seconded.
Synonyms of Second
seconder
Price:
Meanings of Price:
Ownership costs.
The cost of an act or deed.
Excellence pays off.
Determine the monetary value (of the item) to indicate the price.
Pay the repair costs.
Price by price.
Ask for a price.
Sentences of Price
I paid dearly for my stupidity.
Set a price for the eggs.
Auction:
Meanings of Auction:
A public event where goods or merchandise are sold to the highest bidder.
The first stage of the deal, in which players place bets to determine the final contract.
Sold at an auction.
