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.
Best Answer: As a seller, you can set a reserve price when you first list the item. For example, suppose you have something that you want to get at least $50 for. You could, if you want, set a reserve of $50. People can bid less, but you'd be under no obligation to accept their bid.