English term (edited): "If Bid"

there might be some shorter usual version, but I couldn't find it.

"If Bid" = a bid (=>une enchère) that is under the reserve price and might be accepted IF the seller changes its mind about the reserve price;


If Bid Process. From the opening of a given Sale until up to three hours after the close of such Sale (the “Resolve Time”), a Seller may either:

i. Lower the hidden Reserve for the Vehicle. If the hidden Reserve price is lowered to a price that is equal to or less than the amount set by any Dealer as its Maximum Bid Amount (defined below) for that Vehicle, then the Seller will sell and such bidding Dealer will buy the Vehicle at such lowered Reserve price and such bidding dealer is the highest bidder at the end of the auction, if the auction has closed. If the auction has not closed, the competitive bidding will continue and the Vehicle will be sold to the highest bidding dealer at the end of the auction.

ii. Submit, or direct Auction Company in writing (including by e-mail) to communicate on Seller’s behalf a counteroffer (the “Seller’s Counteroffer Price”) to the bidder with the highest bid showing for the Vehicle. Buyer may accept the Seller’s Counteroffer Price (through the Auction Company’s auction system or e-mail). Buyer and Seller agree that they will be bound by all acceptances communicated to the Auction during the Resolve Time. All unaccepted offers are deemed rescinded at the close of the Resolve Time. Buyer and Seller assume all risk of loss for any transaction not completed because of any failure in communication of offers and acceptance within the Resolve Time, regardless of cause.

https://buy.adesa.ca/pdfs/terms_of_use_agreement.pdf


Prix de réserve
Le prix de réserve est une notion classique des ventes aux enchères. C’est un prix secret, fixé préalablement par le vendeur, en dessous duquel le bien ne sera pas vendu. Le prix de réserve permet au vendeur de se prémunir du risque que les enchères ne décollent pas et d’être, par conséquent, obligé de vendre son bien à vil prix.

Le prix de réserve peut être ferme ou relatif. Il est ferme lorsque la vente est directement annulée si le prix d’adjudication finale est inférieur au prix de réserve. Il est relatif lorsque les conditions générales de vente prévoient que le vendeur a la possibilité d’accepter la meilleure enchère finale même si celle-ci est inférieure au prix de réserve.

https://fr.wikipedia.org/wiki/Prix_de_réserve

--------------------------------------------------
Note added at 9 hrs (2017-01-11 22:46:28 GMT)
--------------------------------------------------

When the bids do not reach the Seller’s Reserve Price, the Auctioneer may conditionally sell the Vehicle subject to an If Bid (also called phone bid or confirmation sale)
=>
strictly speaking this "conditional sale" is NOT a sale of any kind - it's just a delayed decision as to whether or not the Seller will accept a price lower than the reserve price, or possible make a counteroffer.