dummy bid
Noun
Meaning
dummy bid (plural dummy bids)
(business) A bid made at an auction, by a dummy bidder acting in collusion with the auctioneer or vendor, designed to deceive genuine bidders into paying more.
Noun
dummy bid (plural dummy bids)
(business) A bid made at an auction, by a dummy bidder acting in collusion with the auctioneer or vendor, designed to deceive genuine bidders into paying more.