from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. auction
from the GNU version of the Collaborative International Dictionary of English
- n. The act of offering for sale to the highest bidder.
from The Century Dictionary and Cyclopedia
- n. The act of selling or exposing to sale by offering publicly to the highest bidder; an auction.
- n. In law, a sale, and partition and division of proceeds.
Latin licitatio, from licitari, liceri, to bid, offer a price. (Wiktionary)