Thousands of investors have told us they are confused by the investment jargon that is used by financial advisors. We also know some terms, that investors don't understand, are used by advisors as sales ploys. They establish themselves as experts when they define a term you may not understand.
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Definition of 'Auction market'
A market where competitive bids and offers are made at the same time. Stock is then traded based on the highest price that a buyer is willing to spend and the lowest price the seller is willing to agree to.