Phrase guide
Definitions and examples are grouped by meaning. Pronunciation, history, word forms, translations, descendants, synonyms, antonyms, derived terms, and related words appear whenever the source provides them.
Sound
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No pronunciation record was provided for this word.
noun
A type of sealed-bid auction, where bidders submit written bids without knowing the bids of others, in which the highest bidder wins but the price paid is the second-highest bid.
Definition source: English Wiktionary via Wiktextract
No example sentence was provided for this meaning.
Synonyms: none provided
Antonyms: none provided
History
After William Vickrey (1914-1996), Canadian professor of economics.
