A No Reserve Auction is the type of auction we are all most familar with. It is when you start your
item at one price (often referred to as the "Starting Bid", the "Opening Bid", or the "Opening Amount"), and you allow
your auction to run for a specified period of time (for instance, 7 days). During that time, interested buyers may place
a bid on your auction to become the "high bidder". The "high bidder" is the person who has bid the highest amount
(thus far) for your item. For a person to become the "high bidder" they must place a bid that is greater than the
current high bidder's maximum bid. (A maximum bid is the maximum amount a person is willing to pay
for an item.) After the auction has ended the person who has bid the highest amount (the person with the highest
"maximum bid") wins the item.