geveild

Geveild is a Dutch term meaning that an item or asset has been auctioned or put up for bidding. It is the past participle of the verb veilen, which means to sell at public auction. In use, geveild describes things that have undergone an auction process and been transferred to the highest bidder. The term is predominantly used in the Netherlands and Belgium within Dutch-language contexts and can apply to real estate, consumer goods, artworks, or financial instruments.

Etymology and form: Geveild derives from the prefix ge- attached to veilen. Veilen itself is a standard Dutch verb for conducting or arranging an auction. The combination forms the common descriptor for items sold at auction.

Usage and contexts: Geveild often appears in proceedings related to insolvency, estate settlement, or court-directed asset disposals, where a curator or administrator arranges a public auction. Public notices may state that a property or asset has been geveild, sometimes noting the outcome or the bidding results. In practical terms, a geveild asset has, at some point, been offered at a veiling and sold to a bidder at or above a specified reserve price.

Relation to other terms: Geveild contrasts with private sale or negotiated sale, where bidding is private or non-public. The concept is tied to the broader veiling system, including veiling houses (veilinghuizen) and official auctions, common in Dutch-speaking markets.

Notes: The exact procedures and legal implications of a geveiling can vary by jurisdiction and context, but the core idea remains that the asset has been disposed of through an auction.