Meaning of "Lottery system"
This system selects winners at random, regardless of performance metrics such as scores or grades, thereby expanding opportunities for groups that were previously at a relative disadvantage under certain conditions.
"I heard that this contest used a lottery system to select participants without looking at their grades first, thereby ensuring fairness."
Related slang words
Points-based systemThis is a system (or set of criteria) that awards points (bonus points) to applicants who meet certain requirements, such as remaining without home ownership for a specified period.Real Estate DevelopmentA real estate transaction method (or the act of carrying it out) in which land with low or uncertain development potential is exaggerated to appear as if it is suitable for development, and then the land is subdivided into multiple plots to attract investors by promising high returnsPop-up caféThis term refers to a group of real estate agents who set up portable tents at apartment pre-sale sites and other locations to broker pre-sale rights without a license or to encourage illegal resale.Unprioritized subscriptionThis is a housing lottery system in which units that remain unsold due to ineligibility or contract cancellations are allocated through a random drawing.Villa KingA sarcastic remark directed at scammers who buy up large numbers of townhouses using only the security deposits and then cause harm by failing to return the deposits on timePost-construction salesThis is a sales method in which units are offered for sale only after construction has reached a certain stage, allowing buyers to assess the actual condition of the building before applying.Establishment of a Jeonse LeaseThe act of securing legal protection by registering the tenant’s right to the return of the security deposit as a **jeonse right** in the official property registerPre-saleThis is a supply method in which pre-sales or sales are conducted through model homes and other means before the actual construction of the apartment complex begins, in order to secure initial demand and capital inflows.