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Reverse auction. A reverse auction is a type of auction in which the roles of buyer and seller are reversed. In an ordinary auction (also known as a 'forward auction'), buyers compete to obtain goods or services by offering increasingly higher prices. In a reverse auction, the sellers compete to obtain business from the buyer and prices will typically decrease as the sellers underbid each other.
Reverse Earnout Definition - A reverse earnout is used to close a valuation gap between a buyer and a seller. In a normal earnout, a certain amount of...