|
|
 |
| CHARITY ORGANIZATION |
- Charity is a term in Christian theology (one of the three theological virtues), meaning loving kindness towards others; it is held to be the ultimate perfection of the human spirit, because it is said to both glorify and reflect the nature of God. In its most extreme form charity can be self-sacrificial. Charity is one conventional English translation of the Greek term agape.
- In its traditional legal meaning, the word "charity" encompasses religion, education, assistance to the government, promotion of health, relief of poverty or distress and other purposes that benefit the community. Nonprofit organizations that are organized and operated to further one of these purposes generally will be recognized as exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code (see 501(c)(3)) and will be eligible to receive tax-deductible charitable gifts.
- a private, non-profit, philanthropic, human health and welfare organization.
- A legally incorporated nonprofit organization that operates for the public benefit and has federally registered charitable status Charitable status allows an organization to issue tax receipts for donations, and involves rules and regulations about governance, advocacy and operations that may provide a higher level of accountability than non-charities.
|
| AUCTIONEER |
- The person whom the seller engages to direct, conduct, or be responsible for a sale by auction. This person may or may not actually call or cry the auction.
- A person licensed or authorized to sell real or personal property belonging to someone else at public auction. In some states an auctioneer selling real property must be licensed as a real estate broker, whereas in others he or she is licensed as an auctioneer. Back to top -- View Real Estate Listings
- The person responsible for the auction (The MC). The auctioneer is in charge of announcing items of sale, taking bids, and finalizing the bidding process by announcing in some form that the item is sold or passed. The auctioneers' word is always final.
- an agent who conducts an auction
- auction: sell at an auction
- An auction is the process of buying and selling things by offering them up for bid, taking bids, and then selling the item to the highest bidder. In economic theory an auction is a method for determining the value of a commodity that has an undetermined or variable price. In some cases, there is a minimum or reserve price; if the bidding does not reach the minimum, there is no sale (but the person who puts the item up for auction still owes a fee to the auctioneer). ...
|
|
|
|
