Definition of Knocked Down

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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".


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