Nautical Term: Aboveboard
Definition of Aboveboard
Aboveboard unequivocally signifies an action, situation, or transaction that occurs entirely above the deck level, free from deception or secrecy.
For instance, during a ship auction, the bidders can demand an aboveboard inspection of the vessel’s condition before committing to their bids. This practice ensures that all parties involved maintain a high level of trust and transparency throughout the entire auction process.
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