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what is the difference between an auction and a tender

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Q: What is the difference between a tender and auction?
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What is the difference between a tender and bid?

A bid is usually restricted to making a financial offer eg: at an auction you might make a bid of a certain price for a painting. A tender means that you will offer a service/item at a certain price. So it's a lot more complex than just dealing with a price.


If your car is repossesed what happens?

they take the car and sell it at an auction then send you a bill for the difference between what they sold the car for and how much you still owed on it.


Whenyour home is in foreclosure can a bank auction it off at any price and leave you with the difference or are laws in place stating how much they can auction it for I live in Ohio?

They can sell it for $1.00 if it is a auction and you can be libel for a deficiency judgment.


What is a formal contract?

It is an agreement between the chicken and the tender.


Do have to pay the difference on a repo car?

Yes. If you take out a car loan, fail to make payments, and the car is repossessed, you will have to pay the difference between the price the lender received at auction and the balance remaining on your loan.Since repossessed cars are usually sold at wholesale auctions, the difference can be thousands of dollars.


Do you have to pay for a car if it is repossessed?

The bank will sell yours at auction. Whatever they do not recoup, you owe the difference.


What can be done to you if you have a car repossession?

Pay the bill and fees to get your car back. If you can't afford it, your bank will auction the car and you will pay the difference between what they sold it for and your loan. Your credit is also ruined, it will get better in 7 years.


Can the bank come after me for money after a foreclosure?

Yes. If, the amount they auction the property for is less than what you owe they will come after you for the difference.


Do you still owe for car returned before repossession?

Unfortunately yes what the bank or creditor will do is sell the car most likely at auction for "X" amount. you end up liable for the difference between what they sell it for and the remaining balance of the loan.


What is the difference between a sergeant being a van driver and a sergeant working as a van driver?

These lists can normally be picked up from any auction hosting location during their regular hours of operation. Although there may not be a current auction, they will have lists and information about any upcoming events.


What is the difference between disneyworld and Disneyland?

The difference between Disneyland and Disneyworld is that Disneyland is in California and Florida is in Disneyworld. This is the difference between Disneyland and Disneyworld.


What is the difference between dpcm and adpcm?

there is no difference there is no difference