Glossary entry (derived from question below)
Dutch term or phrase:
onder gunning
English translation:
subject to acceptance [by the seller]
Added to glossary by
Ruth Tanner
Mar 27, 2017 11:13
7 yrs ago
3 viewers *
Dutch term
onder gunning
Non-PRO
Dutch to English
Law/Patents
Business/Commerce (general)
auctions
This describes an auction lot that is yet to be allocated after bidding has ended.
Het kan zijn dat de kavel onder gunning staat.
Dit houdt in dat de opdrachtgever na afloop van een veiling bepaalt of de kavel wel of niet aan de hoogste bieder wordt toegewezen.
Is there a special term for this in English?
Het kan zijn dat de kavel onder gunning staat.
Dit houdt in dat de opdrachtgever na afloop van een veiling bepaalt of de kavel wel of niet aan de hoogste bieder wordt toegewezen.
Is there a special term for this in English?
Proposed translations
(English)
4 +1 | subject to acceptance [by the seller] | Michael Beijer |
4 | with reserve / conditionally sold / under contingency | Bryan Crumpler |
References
refs | Michael Beijer |
Proposed translations
+1
49 mins
Dutch term (edited):
onder gunning; onder voorbehoud van gunning
Selected
subject to acceptance [by the seller]
I think "onder gunning" here is synonymous with "onder voorbehoud van gunning", in which case I think it could be translated as " subject to acceptance (by the seller)", as per JurLex/OGL, e.g.
see e.g.: "All bids are subject to acceptance by the seller. Winning bidders will be notified about the pick-up procedure after full payment. " (http://www.go-dove.com/en/events?cmd=details&event=651040& )
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Note added at 2 days35 mins (2017-03-29 11:49:15 GMT)
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“Subject to” Acceptance
When a property is sold “subject to,” it means the property is being sold “subject to” the seller’s approval. Sellers set a Reserve Price, which is the minimum amount they will accept. Sometimes the highest bid is still below the Reserve Price. When this happens, the sale is “subject to” the seller’s acceptance.
(https://www.auction.com/lp/how-do-online-property-auctions-w... )
see e.g.: "All bids are subject to acceptance by the seller. Winning bidders will be notified about the pick-up procedure after full payment. " (http://www.go-dove.com/en/events?cmd=details&event=651040& )
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Note added at 2 days35 mins (2017-03-29 11:49:15 GMT)
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“Subject to” Acceptance
When a property is sold “subject to,” it means the property is being sold “subject to” the seller’s approval. Sellers set a Reserve Price, which is the minimum amount they will accept. Sometimes the highest bid is still below the Reserve Price. When this happens, the sale is “subject to” the seller’s acceptance.
(https://www.auction.com/lp/how-do-online-property-auctions-w... )
Peer comment(s):
agree |
Kitty Brussaard
: See, for instance, also https://www.auction.com/lp/how-do-online-property-auctions-w...
2 hrs
|
Thanks (also for the good ref)!
|
4 KudoZ points awarded for this answer.
Comment: "Thanks very much!"
1 day 12 hrs
with reserve / conditionally sold / under contingency
"onder gunning staan" implies that the item is with reserve or is conditionally sold.
"With reserve" means the seller retains the right to accept/decline bids before money exchanges hands... for whatever reason. The most common reason is the price; hence, the commonly used eBay term "reserve price".
All auctions with reserve are subject to confirmation, as there is no requirement for the "reservations" to be disclosed. The reserves can be anything from a minimum price to the knowledge that the high bidder intends to use the land/property/item for a desirable purpose. If it involves animals, sometimes there can be conditions on the type of home environment or care you are capable of offering the animal. In these cases, the seller can nullify someone else's bid and/or withdraw the item from being sold simply by bidding themselves on the item or outbidding other buyers... as they do on Queen Sugar.
Other forms of reserve can be in the form of making the sale conditional or setting contingencies (e.g. a "contingency auction" or a "contingency award" such as a scholarship that is contingent upon you passing an entrance exam to a university, or "contingency fees" that are only paid to an attorney if you win a case).
So, I'd say the land is under contingency, conditionally sold, or [auctioned] with reserve.
Source: I watch too much Queen Sugar...
Suggested reading:
https://mikebrandlyauctioneer.wordpress.com/2009/11/15/diffe...
http://www.auctioneers.org/consumers/auction-glossary
https://www.superbrokers.ca/library/glossary/terms/condition...
https://www.superbrokers.ca/library/glossary/terms/contingen...
http://buildingadvisor.com/buying-land/making-an-offer/makin...
"With reserve" means the seller retains the right to accept/decline bids before money exchanges hands... for whatever reason. The most common reason is the price; hence, the commonly used eBay term "reserve price".
All auctions with reserve are subject to confirmation, as there is no requirement for the "reservations" to be disclosed. The reserves can be anything from a minimum price to the knowledge that the high bidder intends to use the land/property/item for a desirable purpose. If it involves animals, sometimes there can be conditions on the type of home environment or care you are capable of offering the animal. In these cases, the seller can nullify someone else's bid and/or withdraw the item from being sold simply by bidding themselves on the item or outbidding other buyers... as they do on Queen Sugar.
Other forms of reserve can be in the form of making the sale conditional or setting contingencies (e.g. a "contingency auction" or a "contingency award" such as a scholarship that is contingent upon you passing an entrance exam to a university, or "contingency fees" that are only paid to an attorney if you win a case).
So, I'd say the land is under contingency, conditionally sold, or [auctioned] with reserve.
Source: I watch too much Queen Sugar...
Suggested reading:
https://mikebrandlyauctioneer.wordpress.com/2009/11/15/diffe...
http://www.auctioneers.org/consumers/auction-glossary
https://www.superbrokers.ca/library/glossary/terms/condition...
https://www.superbrokers.ca/library/glossary/terms/contingen...
http://buildingadvisor.com/buying-land/making-an-offer/makin...
Reference comments
37 mins
Reference:
refs
Onrorend Goed Lexicon:
gunnen:
(bij aanbesteding) to award, to accept a tender, to allot
(op veiling) to allot, to assign
gunning:
(bij aanbesteding) award(ing), acceptance of a tender, allotment
(op veiling) allotment, assignment
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Note added at 39 mins (2017-03-27 11:53:22 GMT)
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(Onrorend Goed Lexicon > Onroerend Goed Lexicon)
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Note added at 45 mins (2017-03-27 11:58:50 GMT)
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"Artikel 10; Totstandkoming Koopovereenkomst
10.1 De Koopovereenkomst komt tot stand als gevolg van Toewijzing, onverminderd het bepaalde in artikel 7:2 Burgerlijk Wetboek.
Indien een Veiling plaatsvindt in opdracht van een Curator komt de Koopovereenkomst tot stand onder de ontbindende
voorwaarde dat de toestemming van de Rechter-Commissaris wordt onthouden voor het sluiten van de Koopovereenkomst .
Deelname aan een Veiling betekent voor een Bieder niet dat een Kavel zonder meer aan hem wordt verkocht. Ook indien op de
Veilingwebsite staat aangegeven dat een Veiling plaatsvindt onder gunning, hoeft een hoogste Bod niet te leiden tot een
Koopovereenkomst."
(https://www.bva-auctions.com/static/terms/juni2014/Algemene ... )
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Note added at 51 mins (2017-03-27 12:05:16 GMT)
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"6. CONDUCT OF SALES AND FORMATION OF CONTRACTS
Formation of Contract
6.1 Bids constitute only an offer to buy a Lot from the Vendor subject to these terms and conditions and any applicable Special Conditions. All Bids are strictly subject to acceptance by Us and if We accept Your Bid on behalf of the Vendor We will confirm such acceptance to You by issuing an invoice to you. For a Lot of Heritable Property, see clause 6.3."
(https://www.sweeney-kincaid.com/TermsAndConditions.aspx )
gunnen:
(bij aanbesteding) to award, to accept a tender, to allot
(op veiling) to allot, to assign
gunning:
(bij aanbesteding) award(ing), acceptance of a tender, allotment
(op veiling) allotment, assignment
--------------------------------------------------
Note added at 39 mins (2017-03-27 11:53:22 GMT)
--------------------------------------------------
(Onrorend Goed Lexicon > Onroerend Goed Lexicon)
--------------------------------------------------
Note added at 45 mins (2017-03-27 11:58:50 GMT)
--------------------------------------------------
"Artikel 10; Totstandkoming Koopovereenkomst
10.1 De Koopovereenkomst komt tot stand als gevolg van Toewijzing, onverminderd het bepaalde in artikel 7:2 Burgerlijk Wetboek.
Indien een Veiling plaatsvindt in opdracht van een Curator komt de Koopovereenkomst tot stand onder de ontbindende
voorwaarde dat de toestemming van de Rechter-Commissaris wordt onthouden voor het sluiten van de Koopovereenkomst .
Deelname aan een Veiling betekent voor een Bieder niet dat een Kavel zonder meer aan hem wordt verkocht. Ook indien op de
Veilingwebsite staat aangegeven dat een Veiling plaatsvindt onder gunning, hoeft een hoogste Bod niet te leiden tot een
Koopovereenkomst."
(https://www.bva-auctions.com/static/terms/juni2014/Algemene ... )
--------------------------------------------------
Note added at 51 mins (2017-03-27 12:05:16 GMT)
--------------------------------------------------
"6. CONDUCT OF SALES AND FORMATION OF CONTRACTS
Formation of Contract
6.1 Bids constitute only an offer to buy a Lot from the Vendor subject to these terms and conditions and any applicable Special Conditions. All Bids are strictly subject to acceptance by Us and if We accept Your Bid on behalf of the Vendor We will confirm such acceptance to You by issuing an invoice to you. For a Lot of Heritable Property, see clause 6.3."
(https://www.sweeney-kincaid.com/TermsAndConditions.aspx )
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