Question

what is bid increment​

Answer 1

Answer:

Bid Increment means the smallest incremental amount above the Minimum Bid Amount that may be bid for in an Auction. ... The bid increment is decided by the person having the auctioned asset and as informed to the asset auction organization in writing for each auction

Answer 2

Answer:

Bid Increment means the smallest incremental amount above the Minimum Bid Amount that may be bid for in an Auction. ... The bid increment is decided by the person having the auctioned asset and as informed to the asset auction organization in writing for each auction.

Explanation:

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