B/o - S/b

What do these acronyms mean in the marketplace? Thanks in advance.

buy out and starting bid

i hate shortcuts

BO- Buy Out - Price needed to bid to guarantee (unless seller refuses for some reason) yourself the item
SB-Starting Bid- The minimum bid needed to place a bid on an item
CO-Current Offer- What the highest bid is currently at
Sometimes you will also get 'Reserve'- The minimum a seller will sell for. if he doesnt reach the 'reserve' he wont sell (usually)
______
Example:
SB-1k
CO-3k
BO-7k

A bidder had to have place atleast 1k on the item to have a chance at winning. The current offer of the item is at 3k. To be in contention for the item you will need to be above this. If you wotn the item desperately (and usually straight away) you can usually buy it out (similar to eBay) and guarantee yourself owning everyone else.

Ohh I thought B/O meant Best Offer

Thanks 4 the guide

Valeria - I agree completely :P Thanks you three, close/lock please.