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A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents.
A first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. [1] In this type of auction, all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the price that was submitted. [2]: p2 [3]
In Britain and many other countries, rings and other forms of bidding on one's own object are illegal. In Australia, a dummy bid or also a shill is a criminal offence, but a vendor bid or a co-owner bid below the reserve price is permitted if clearly declared as such by the auctioneer. These are all official legal terms in Australia but may ...
Each of the bids increases the price of the item by a small amount, such as one penny (0.01 USD, 1¢, or 0.01 GBP, 1p; hence the name of the auction), and extends the time of the auction by a few seconds. Bid prices vary by site and quantity purchased at a time, but generally cost 10–150 times the price of the bidding increment.
A housing cooperative, or housing co-op, is a legal entity which owns real estate consisting of one or more residential buildings. The entity is usually a cooperative or a corporation and constitutes a form of housing tenure. Typically housing cooperatives are owned by shareholders but in some cases they can be owned by a non-profit organization.
Perdido Key is an unincorporated community located in Escambia County, Florida, United States, between the cities of Pensacola, Florida and Orange Beach, Alabama. [1] The community is located on and named for Perdido Key , a barrier island in northwest Florida and southeast Alabama.
Perdido Key was part of the mainland of Florida until the middle of the 20th century. Perdido Key probably developed in place by aggradation of offshore shoals consisting of quartz sand that is likely reworked from Pleistocene delta and shallow marine deposits. Perdido Key was shorter east to west for most of the 19th century than it is now.
A reverse auction is similar to a unique bid auction because the basic principle remains the same; however, a unique bid auction follows the traditional auction format more closely as each bid is kept confidential and one clear winner is defined after the auction finishes.