n.買方；買主；買受人

Article 38 A vendee refers to a bidder who purchases an object of auction at the highest price offered by him. 第三十八條買受人是指以最高應價購得拍賣標的的競買人。

Where the price for the second auction sale is lower than that for the first one, the former vendee shall make up the difference. 再行拍賣的價款低于原拍賣價款的，原買受人應當補足差額。