The last chance a bidder has in a competitive bidding process to win the contract, acquisition target, or other asset being awarded.
In anticipation of moving to a smaller home, Kelly decided to sell some of her belongings, including her treasured teddy bear, Corduroy, but wanted to know he'd be going to a loving home. After posting pictures of Corduroy on eBay, both Diane and Nicole had placed bids for $100, the highest amongst all bidders. In order to break the tie, Kelly asked each of Diane and Nicole to make their best and final offer, including the number of daily hugs Corduroy could expect to receive.
