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TeachMeFinance.com - explain Knocked Down Knocked Down -- An article disassembled, or unassembled, or taken apart, or folded, or telescoped to reduce its bulk; subject to easy assembly. This is usually done to reduce the dimensions of the shipping package and thereby to save transportation and storage costs. historic definition... Knocked down -- A colloquialism employed at an auction sale. When the highest price obtainable for the property has been reached the auctioneer brings down his hammer or gavel and the property is said to have been knocked down, or in other words, sold at that price. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.