BIN
BIN definition by Slang.net
This page explains what the acronym "BIN" means. The definition, example, and related terms listed above have been written and compiled by the Slang.net team.
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Online auction sites use BIN to mean "buy it now." Instead of bidding on an item, you can buy it immediately for its BIN price.
For example, if an item is listed for a starting bid amount of $10, but has a BIN price of $20, you could buy the item immediately for $20. While paying a BIN price might be more expensive than winning an auction, doing so guarantees you'll get the item you want - rather than being outbid by another buyer.