Glossary

Auction holder, bidder, award, settlement, soft close, and other Logicanvas 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.

Taxonomy term (wcap_auction_cat) used to group lots. Managed under Auctions → Categories and assignable on create/edit forms.

Frontend seller flow to update draft, rejected, pending review, or scheduled auctions via the dashboard or single-page Edit control.

Default behavior that hides the WooCommerce shop and single product pages while keeping cart, checkout, and account available for winner payment.

Optional fixed price on a timed auction. Purchasing ends the lot immediately and creates an award at that amount for WooCommerce checkout.

Duplicates a finished auction into a new draft with fresh dates and no bids, for reuse from admin or the seller dashboard.

Named appearance preset (Classic, Midnight, Auction house, Ocean, Minimal, Ember) that sets CSS tokens for auction UI.

Sample lot created from Auctions → Setup so admins can try bidding before publishing real inventory.