Security Interest: As security for the full payment to Sloans & Kenyon and the consignor of all amounts due from purchaser, Sloans & Kenyon retains and purchaser grants to Sloans & Kenyon a security interest in the Property purchased at auction and in any other property or money of purchaser in Sloans & Kenyon possession or coming into Sloans & Kenyon possession (collectively, "the collateral")
This means, if the bidder leave an Internet absentee bid of $500, and the winning bid increment is $350, the bidder is successful with the winning bid of $350
Further reading Why Doctors Still Recommend Masking After Wildfire Smoke Clears by Katie Okamoto Even when the smoke clears after a wildfire, the air may still be toxic
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