E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the Internet. These business transactions occur either business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business.
NBA draft lottery. The NBA Draft is an annual event held since 1985 by the National Basketball Association (NBA), in which the teams who had missed the playoffs that year participate in a lottery process to determine the draft order in the NBA draft.
On April 20, 2007, the NBA performed a tie-breaker to determine the order of the picks for teams with identical win-loss record. The 2006 Draft Lottery was held on May 23, 2006 in Secaucus, New Jersey. The Toronto Raptors, who had the fifth-worst record, won the lottery with just 8.8% chance to win.