AUCTION AGREEMENT Crossword Clue
AUCTION AGREEMENT Crossword Clue
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Crossword Puzzle Infos
An auction agreement, also known as a bid bond, is a legally binding document that is signed by the bidder and the seller in order to guarantee that the bidder will purchase the item at the highest bid price. The term NOD stands for Notice of Default, which is a notice sent to the bidder if they fail to meet the terms of the agreement.