Credit cards are revolving accounts, which means you can revolve a balance from month to month as part of the terms of the agreement. And even if you pay off the balance, the account stays open. A credit card with a zero balance (or a very low balance) and a high credit limit is very good for your credit score.
No-reserve auction. A No-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price. From the seller's perspective, advertising an auction as having no reserve price can be desirable because it potentially attracts a greater number of bidders due to the possibility of a bargain.
â¢ You purchase the property outright and pay one lump sum at the time of closing. Each type of sale is disclosed in the auction description. In addition, some rural land is offered for immediate purchase at a cheap pre-determined (reserve) price (Buy It Now auction). If you bid that reserve price, the auction is over. Buy It Now purchases may be financed or paid for in one single payment.