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gov auctions

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1) "Gov" -- As to gov auctions gov Function: abbreviation 1 government; governor 2 governmental institution -- usually preceded by a period; used in World Wide Web addresses Pronunciation Symbols This series is part of the Politics series Executive branch Head of state Monarch Dictator President Government Head of government Chancellor Premier Prime minister Cabinet Ministry Minister Presidential system Semi-presidential system Parliamentary system Cohabitation Westminster System National leaders National governments Governor Mayor Politics Portal · edit A government is a body that has the authority to make and the power to enforce rules and laws within a civil, corporate, religious, academic, or other organization or group. In its broadest sense, "to govern" means to administer or supervise, whether over a state, a set group of people, or a collection of assets. The word government is derived from the Greek κυβερνᾶν (kybernan), which means "to steer" or "to control". Typically, "the government" refers to the executive function of the state. In many countries (particularly those having parliamentary systems), the government refers to the executive branch of government or a specifically named executive, such as the Blair government (compare to the administration as in the Bush administration in U.S. usage). In countries using the Westminster system, the party in government will also usually control the legislature. 1 Forms of government 1.1 Ideas about the origin of government 2) "Auctions" -- As to gov auctions 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...." 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