Meaning: This refers to the process of determining the issuing price of a product or service by submitting multiple bids within a specified price range to potential buyers.

Pronunciation: /bəˈtɪnd/

Usage: This term is commonly used in financial and business contexts, particularly in the process of selling securities or other assets.

Example Sentences:

1. The company's shares were priced through a bidding process, with the final price being determined by the cumulative bids placed by interested investors within the specified range.

公司的股票是通过竞标的方式定价，最终价格由感兴趣的投资者在指定范围内累积投标决定。

2. The auction for the rare artwork was won by a bidder who offered the highest cumulative bid within the set price range.

这件稀有艺术品的拍卖由出价最高、在指定价格范围内累积投标最多的竞标者获得。

3. In order to determine the fair market value of their property, the owners decided to sell it through a cumulative bidding process.

为了确定他们房产的公平市场价值，业主决定通过累积竞标的方式出售。

4. The government's privatization plan involved inviting bids from interested parties through a cumulative bidding process.

的私有化计划涉及通过累积竞标的方式邀请感兴趣方出价。

5. The final sale price of the antique vase was determined through a cumulative bidding process, with multiple bidders competing for it.

这件古董花瓶的最终销售价格是通过累积竞标的方式确定的，多个竞标者争相竞购。

Synonyms and Usage:

- Competitive Bidding: This term is often used interchangeably with cumulative bidding and refers to the process of determining a price through competing bids.

- Auction: This refers to a public sale in which items are sold to the highest bidder.

- Tender: This term is commonly used in the context of government contracts, where bids are invited for a specific project or service.

- Bidder: This refers to an individual or organization that submits a bid in a competitive bidding process.

Editor's Summary:

Cumulative bidding is a common practice in various industries, particularly in finance and business, where it is used to determine the price of products or services through competing bids. It involves inviting interested parties to submit multiple bids within a specified price range, with the final price being determined by the cumulative value of these bids. Other terms that are closely related to cumulative bidding include competitive bidding, auction, and tender.