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auction

auc·tion [ áwksh'n ]


noun 
Definition:
 
1.  (plural auc·tions) sale by bidding: a sale of goods or property at which intending buyers bid against one another for individual items, each of which is sold to the bidder offering the highest price
an Internet auction

2. bridge bidding: in a game of bridge, the bidding phase during which players contract to win a specific number of tricks if a specific suit is trumps



transitive and intransitive verb  (past and past participle auc·tioned, present participle auc·tion·ing, 3rd person present singular auc·tions)
Definition:
 
sell things by auction: to sell goods to the highest bidder

[Late 16th century. < Latin auction- "increase" < augere "to increase"]

auc·tion·a·ble adjective
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