At tobacco auctions, what term is used to refer to the buyers?

In the context of tobacco auctions, the term "set" is used to refer specifically to the buyers. In auction terminology, a "set" typically denotes a specific group of buyers participating in the auction process. This terminology helps to categorize and identify the buyers as a cohesive unit involved in the bidding.

Understanding this terminology is important for navigating the auction process efficiently. Buyers are crucial components of the auction landscape, and knowing how they are referred to—such as with the term "set"—allows for clearer communication and understanding among participants and within documentation related to the auction. This understanding is particularly useful for auctioneers and sellers who must interact effectively with these buyers throughout the auction process.