Definitions:
a) Bid Status -> Shows the status of all the bids
that has been submitted.
b) Bid Limit -> The maximum number of bids each member
can submit for a particular auction until the auction ends.
c) Daily Bid Limit -> The maximum number of bids
each member can submit per day for a particular auction.
d) Bidding Fee -> The cost of submitting each bid.
It is non-refundable.
e) Bid Increment -> The multiple increases or decreases
on the bid amount that is allowed. For example, a RM0.20 bid increment
means that members can bid amounts such as RM9.00, RM8.80, RM8.60, RM8.40,
RM8.20, RM8.00…etc
f) Max Bid Amount -> The highest bid amount that
any bidder can bid up to.
g) Max Number of Bids -> The total amount of bids
that auction accepts before it closes.
h) Highest Unique Bid -> The highest bid amount that
no one else has bid before.
i) Unique Bid -> A bid amount that no one else has
bid before.
j) Non-Unique Bid -> A bid amount that someone else
has already bid before.
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