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Proxy bidding is an implementation of an English second-price auction used on eBay, in which the winning bidder pays the price of the second-highest bid plus a defined increment. It differs from a Vickrey auction in that bids are not sealed; the "current highest bid" (defined as second-highest bid plus bid increment) is always displayed.
No chain is provided on dual-coupled vehicles, since the chain on the other vehicle can be used when the knuckle coupler is out of the way (down). Inter-stock coupling was with the automatic coupler (with the buffers retracted), while connection to the locomotive was with the buffer-and-chain system with a screw coupler.
Car auctions United States — [5] June 22, 1999: Alando: Auction house Germany $ 43,000,000 [6] October 1999: Blackthorne Listing tool United States — [7] June 13, 2000: Half.com: Online marketplace United States $ 318,000,000 [8] December 12, 2000: Precision Buying Service [note 1] E-commerce payment systems United States — [9] January 8 ...
The diagram from Beard's 1897 coupler patent [1]. Janney couplers were first patented in 1873 by Eli H. Janney (U.S. patent 138,405). [2] [3] Andrew Jackson Beard was amongst various inventors that made a multitude of improvements to the knuckle coupler; [1] Beard's patents were U.S. patent 594,059 granted 23 November 1897, which then sold for approximately $50,000, and U.S. patent 624,901 ...
In contrast, if the seller does not announce the reserve price before the sale, it is a secret reserve price auction. [64] However, potential bidders may be able to deduce an approximate reserve price, if one exists at all, from any estimate given in advance by the auction house. The reserve price may be fixed or discretionary. In the latter ...
The coupler could be adapted to be compatible with the Johnston coupler by replacing the drawhook with a U-shaped adapter link, which was attached using the same drawhook pin. [ 7 ] Bell-and-hook couplers began to be replaced on the Avontuur Railway upon the introduction of Class 91-000 diesel-electric locomotives on the narrow gauge system in ...
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A camlock, also called cam and groove, is a quick connect fluid transfer hose coupling that consists of a male "adapter" and female "coupler". The adapter has a groove on the outside that is engaged by the "cam arms" on the outside of the coupler to effect a seal against the gasket inside the "coupler". They are commonly used for petroleum or ...