逆ぎゃくオークション

noun

reverse auction; name-your-price auction

A type of auction where sellers compete to offer the lowest price, or buyers name their desired price and sellers bid to fulfill it. Common in procurement and online travel booking.

• 逆ぎゃくオークションでは、買かい手てが希き望ぼう価か格かくを提てい示じし、売うり手てがそれに応おうじて入にゅう札さつする。

  In a reverse auction, the buyer presents a desired price and sellers bid accordingly.