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Bid Shielding

By Donna L Montaldo, About.com

Definition: The practice of placing a low bid in an auction online and having a second person enter a bid that is high enough to get other bidders to drop out or not even bid. Then at the last second, the high bid is retracted and the low bid wins.
Common Misspellings: bid sheilding
Examples: Bidders on eBay who have a history of frequently retracting their bids at the last moment, are often suspected of bid shielding.
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