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What is a Little Biddee Thing™ (LBT)?

April 26, 2017lbt little

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What is a Little Biddee Thing™ (LBT)?

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A Little Biddee Thing™ (LBT) is similar to a bid, but instead of raising the price, it lowers the price. Unlike a bid in a traditional auction, where your bid can be for any price, an LBT has a set amount – it lowers the current price by $0.50 every time.