Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Absolute Auction Absolute Auction November 9, 2021 An auction in which the subject property is sold to the highest bidder regardless of the amount of the winning bid.You Might Also Like: Everyday MoneyBank Holidays: Understanding Their Impact on Deposits and Transactions Living QuartersMortgage Lending for Veterans at Bank Five Nine All Things CommunityReviewing Random Acts of Kindness 2023 Everyday MoneyWhat are ACH Payments and How Do They Work? Living QuartersUnderstanding Mortgage Interest Rates