Auctions & Sales

Auction Deposit

Short Definition

Amount bidder pays before auction as seriousness guarantee, returned to losers and deducted from winner's price, typically 5-10% of value.

In Other Languages

Arabic
ضمان المزاد

مبلغ يدفعه المزايد قبل المزاد كضمان جدية، يُعاد للخاسرين ويحسم من سعر الفائز، عادة 5-10% من القيمة.

English
Auction Deposit

Amount bidder pays before auction as seriousness guarantee, returned to losers and deducted from winner's price, typically 5-10% of value.

Turkish
Müzayede Depozitosu

Teklif verenin müzayededen önce ciddiyet garantisi olarak ödediği tutar; kaybedenlere iade edilir ve kazananın fiyatından düşülür, tipik olarak değerin %5-10'u.

Related Terms

Amlaki

About Amlaki

Amlaki is an integrated Saudi real estate management system, supporting agencies and owners in managing rentals, maintenance, and reports with high efficiency, fully compliant with the Ejar platform and Kingdom regulations.

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