Dutch auction

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Dutch auction

an auction in which the price is lowered by stages until a buyer is found
References in periodicals archive ?
Fannie Mae (NYSE: FNM), the largest US home funding company, is planning to sell USD5bn benchmark bills on Wednesday in a Dutch auction, reports Reuters.
com to explain to customers the low-down on the Dutch Auction countdown.
So he turned to a little-used financial technique called a Dutch auction.
Fannie Mae conducts Dutch auctions, or single price auctions, on a weekly basis accepting both competitive and non-competitive bids through a web based auction system.
In connection with their strategic partnership with Globtronic, Whitehall has access to the first non broker-dealer-directed auction system that conducts company self-directed Dutch auctions over the Internet.