Auction Terms

• Lot - A single listed item or group of items sold together as one unit in an auction. A lot may contain a single piece of equipment, a matched set, or dozens of units. Bidders place one bid on the entire lot.
• Reserve Price - The minimum price a seller is willing to accept for a lot. If bidding does not reach the reserve, the lot may not sell. Not all lots may carry a reserve price.
• Starting Bid - The minimum bid amount required to open bidding on a lot. Lower than the reserve price where one exists.
• Bid Increment - The minimum amount by which each new bid must exceed the previous bid. Increments vary by lot value and are set by the platform.
• Proxy Bid - A maximum bid amount entered by a bidder that allows the platform to automatically bid on their behalf up to that amount as competing bids come in. The system only bids as much as necessary to maintain the lead.
• Outbid - When another bidder exceeds your current bid. The platform notifies outbid users so they can respond before the auction closes.
• Winning Bid - The highest accepted bid at the close of an auction. The winning bidder is obligated to complete the purchase.
• Buy Now - A fixed price option on select lots that allows a buyer to purchase immediately without waiting for the auction to close.
• Auction Close - The date and time at which bidding on a lot ends. The highest bidder at close wins the lot.
• Extended Bidding - When an auction automatically extends its closing time after a bid is placed in the final minutes, giving other bidders a chance to respond. Also called soft close.

Condition & Merchandise Terms

• As-Is - Equipment sold without any warranty or guarantee of condition or functionality. The buyer accepts the lot in whatever state it is in at the time of sale. Condition notes and photographs in the listing are the primary reference for as-is lots.
• Second Life - Equipment that has been previously used and is being remarketed for continued productive use. Second life equipment has been through a certified intake process and is made available through auction rather than disposal.
• Cosmetic Wear - Minor surface imperfections including scratches, scuffs, and marks that do not affect the functionality of the equipment. Common in equipment pulled from active office and enterprise environments.
• Tested Working - Equipment that has been powered on and confirmed to be in functional operating condition at the time of intake. Noted in listing details where applicable.
• Untested - Equipment that has not been individually powered on or verified for functionality. Common in bulk and mixed lots from cleanout sources. Buyers should factor in testing time and the possibility of non-functional units when evaluating untested lots.
• OEM - Original Equipment Manufacturer. Refers to parts, components, or accessories produced by the original brand rather than a third-party manufacturer.
• Aftermarket - Parts or accessories produced by a third party rather than the original manufacturer. Often available at lower cost than OEM equivalents.
• Overstock - New merchandise in original packaging that was surplus to a retailer or distributor's needs and never sold.
• Shelf Pull - New or like-new merchandise that was displayed in a retail environment but never sold to a customer.
• Open Box - Merchandise that has been removed from its original packaging, possibly inspected or briefly used, but is otherwise in new or near-new condition.
• End of Life - Equipment that is no longer supported by the manufacturer with firmware updates, security patches, or replacement parts. End of life status does not necessarily affect the functional condition of the hardware.
• Decommissioned - Equipment that has been removed from active service in a business or institutional environment. Decommissioned equipment may be in excellent functional condition and is a primary source of enterprise surplus inventory.

Packing & Shipping Terms

• Pallet - A portable wooden or plastic platform on which boxed equipment is stacked for storage and shipping. Standard pallets are 40 by 48 inches and are moved using forklifts or pallet jacks. Large or heavy lots may ship on pallets.
• LTL - Less Than Truckload. A shipping method used when a shipment does not fill an entire truck. LTL freight is common for pallet shipments and is priced by weight and dimensions rather than as a flat truckload rate.
• Freight - Shipping method used for large, heavy, or pallet-sized lots that cannot be handled by standard parcel carriers. Freight shipments typically require a loading dock or liftgate at the delivery address.
• Liftgate - A mechanical platform at the rear of a freight truck used to lower pallets to ground level when a loading dock is not available. Required at delivery addresses without a dock or forklift. Liftgate service is typically an additional fee on freight shipments.
• BOL - Bill of Lading. The shipping document required for freight shipments containing origin, destination, item description, and weight information. Serves as the receipt and contract between the shipper and carrier.
• Local Pickup - The option to collect a lot directly from an ATR facility rather than having it shipped. Available at ATR locations and noted in lot listings. Pickup deadlines apply.
• Shipping Estimate - An approximate shipping cost provided before purchase. Final shipping costs may vary based on actual weight, dimensions, and carrier rates at time of shipment.

Certification & Compliance Terms

• R2V3 - Responsible Recycling version 3. The leading certification standard for electronics reuse and recycling in North America. R2V3 certified companies are required to prioritize reuse over recycling, handle hazardous materials responsibly, maintain documented chain of custody, verify data destruction, and operate with transparency at every stage of the disposition process. ATR is R2V3 certified.
• Data Sanitization - The process of permanently and verifiably removing data from storage devices before equipment is remarketed or recycled.
• Chain of Custody - A documented record of every party that has handled an asset from its original owner through disposition. Chain of custody documentation is a requirement of R2V3 certification and provides traceability for compliance purposes.
• ITAD - IT Asset Disposition. The process of disposing of surplus or obsolete technology equipment in a safe, environmentally responsible, and secure manner. Includes data destruction, reuse, remarketing, and recycling.
• Certificate of Recycling - Documentation provided by a certified recycler confirming that equipment has been processed in accordance with applicable environmental and data security standards.
• E-Waste - Electronic waste. Discarded electronic equipment including computers, monitors, printers, phones, and networking gear. E-waste is the fastest growing waste stream globally and contains materials that require careful handling to prevent environmental contamination.

Payment & Account Terms

• Buyer's Premium - A percentage fee added to the winning bid price that forms part of the total purchase price. Common in auction platforms and noted in lot terms before bidding.
• Invoice - The payment document issued to the winning bidder after an auction closes, detailing the lot, winning bid, buyer's premium, applicable taxes, and shipping costs.
• Wire Transfer - An electronic bank-to-bank payment method. Common for high-value purchases and business account transactions.
• Reseller Permit - A state-issued permit that allows qualifying businesses to purchase merchandise without paying sales tax at the point of purchase for the purpose of reselling the goods. Requirements vary by state.

The definitions above are provided as a general reference to help buyers navigate ATR Auctions and understand common terminology used across the platform. They are not legally binding definitions and do not constitute legal, financial, or contractual terms. For official terms and conditions governing purchases made through ATR Auctions please refer to our full terms of service.