Definition of 'bewildering'. bewildering (bÉªwÉªldÉrÉªÅ ) A bewildering thing or situation is very confusing and difficult to understand or to make a decision about. A glance along his bookshelves reveals a bewildering array of interests.
Sealed-Bid Auction. What is a 'Sealed-Bid Auction'. A sealed-bid auction is a type of auction process in which all bidders simultaneously submit sealed bids to the auctioneer, so that no bidder knows how much the other auction participants have bid. The highest bidder is usually declared the winner of the bidding process.
sealed bid. Document enclosed in a glued (sealed) envelope and submitted in response to invitation-to-bid (ITB). Sealed bids received up to the deadline date are generally opened at a stated time and place (usually in the presence of anyone who may wish to be present) and evaluated for award of a contract.