dumb-bidding

1 definition found

dumb-bidding - Bouvier's Law Dictionary, Revised 6th Ed (1856) :

  DUMB-BIDDING, contracts. In sales at auction, when the amount which the 
  owner of the thing sold is willing to take for the article, is written, and 
  placed by the owner under a candlestick, or other thing, and it is agreed 
  that no bidding shall avail unless equal to that; this is called dumbidding. 
  Babingt. on Auct. 44.