diff --git a/EIPS/eip-162.md b/EIPS/eip-162.md
index a69ee232b17f38..e0d46e9580bfc5 100644
--- a/EIPS/eip-162.md
+++ b/EIPS/eip-162.md
@@ -121,7 +121,7 @@ The following table outlines what portion of the balance held in a deed contract
 | --- | --- | --- |
 | A valid non-winning bid is revealed. | Bidder | 99.5% |
 | A bid submitted after the auction period is revealed. | Bidder | 99.5% |
-| A bid is revealed after the reveal period. <sup>1</sup> | Bidder | 0.5% |
+| An otherwise valid bid is revealed on an owned name. <sup>1</sup> | Bidder | 0.5% |
 | An expired sealed bid is cancelled. <sup>2</sup> | Canceler | 0.5% |
 | A registered hash is reported as invalid. <sup>3</sup> | Reporter | 50% |
 | A registered hash is reported as invalid. <sup>3</sup> | Owner | 50% |