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.
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.
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