That's right, students. Sit up straight and face front.
Class is in session.
Pay attention, because there's a quiz at the end of the lesson. Term Definition Sniping Sniping is the common practice of bidding on an auction by waiting until the last possible moment, then placing one bid in such a manner that other bidders do not have time to respond. The exact time at which a bid becomes a snipe has never, and probably can never, be precisely defined. I've heard anywhere from 10 seconds to 24 hours. Most people I've heard from say that a snipe needs to have no more than 10 minutes left on the clock.