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auctions ohio

Comprehensive Analysis

1) "Auctions" -- As to auctions ohio 1auc·tion Pronunciation: 'ok-sh&n Function: noun Etymology: Latin auction-, auctio, from augEre to increase -- more at EKE 1 : a sale of property to the highest bidder 2 : the act or process of bidding in some card games Pronunciation Symbols An auctioneer and her assistants scan the crowd for bidders An auction is the process of buying and selling things by offering them up for bid, taking bids, and then selling the item to the highest bidder. Auctioning can be traced as far back as 500 B.C.[1] In economic theory, an auction is a method for determining the value of a commodity that has an undetermined or variable price. Auctions can be with reserve or minimum, or without minimums, or absolute or no reserve. In reserve auctions, there is a minimum bid or reserve price; if the bidding does not reach the minimum, there is no sale (but the person who puts the item up for auction may still owe a fee to the auctioneer or auction company). In absolute or no reserve auctions, the sale is guaranteed, with only the price left to be determined. In the context of auctions, a bid is an offered price. 1 History of the Auction 2 Additional Information 3 Types of auctions 3.1 Primary types of auctions 3.2 Other auction terminology 4 See also 5 Further reading 6 Footnotes However, according to ancient Greek scribes, the more generally accepted auction occurred first in Babylon in 500 B.C. During this period, auctions were held annually, and women were sold on the condition of marriage. It was considered illegal to allow a daughter to be sold outside the auction method. Women with “beauty” engendered higher bidding, women without “beauty” had to pay a dowry to be accepted into the auction, and thus the price would be negative. During the Roman Empire, following military victory, Roman soldiers would often spear the ground to mark the location of spoils in which goods and property were seized. Roman business agents were said to have accompanied warriors into battle to help facilitate expected sales...." 2) "Ohio" -- As to auctions ohio Ohio Pronunciation: O-'hI-(")O, &-, -& Function: geographical name 1 river about 975 miles (1569 kilometers) E United States flowing from junction of Allegheny & Monongahela rivers in W Pennsylvania into Mississippi River 2 state NE central United States capital Columbus area 41,222 square miles (106,765 square kilometers), population 11,353,140 - Ohio·an /-'hI-O-&n/ noun Pronunciation Symbols State of Ohio Flag of Ohio Seal of Ohio Nickname(s): The Buckeye State, "Birthplace of Aviation" Motto(s): With God, all things are possible Official language(s) None Capital Columbus Largest city Columbus Largest metro area Cleveland Area  Ranked 34th  - Total 44,825 sq mi (116,096 km²)  - Width 220 miles (355 km)  - Length 220 miles (355 km)  - % water 8.7  - Latitude 38°27'N to 41°58'N  - Longitude 80°32'W to 84°49'W Population  Ranked 7th  - Total (2000) 11,353,140  - Density 277.26/sq mi  107.05/km² (9th) Elevation    - Highest point Campbell H..." 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