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SURENCHERE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

In French law. A party desirous of repurchasing property at auction before the court can, by offering one-tenth or one-sixth, according to the case, in addition to the price realized at the sale, oblige the property to be put up once more at auction. This bid upon a bid is called a “aurenchere.” Arg. Fr. Merc Law, 575.

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