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: All Things CommunityReviewing Random Acts of Kindness 2023 Everyday MoneyWhat are ACH Payments and How Do They Work? Family MattersFun Games to Teach Kids About Money Everyday MoneyWhat is the Difference Between a Credit Card and a Debit Card? Family MattersBudget Friendly Easter Basket Ideas