Glossary

Auction holder, bidder, award, settlement, soft close, and other Canvas Auctions terms.

Auction holder

Approved seller who can create and host auctions.

Registered user who can place bids on eligible auctions.

Immutable record linking winner, final amount, currency, and payment deadline after a successful close.

Ledger row for gross sale, commission, fees, refunds, net amount, and payout status.

Anti-sniping extension of a timed auction end time when late bids arrive.

Monotonic auction event/version number used for realtime polling and cache invalidation.

Client-generated key that makes repeated bid requests return the original result.