Auction

  • 21auction — / ɔ:kʃən/ noun 1. a method of selling goods where people want to buy compete with each other by saying how much they will offer for it, and the item is sold to the person who makes the highest offer ● Their furniture will be sold in the auction… …

    Dictionary of banking and finance

  • 22auction — A method of sale in which goods, securities, rights, etc. are sold in public to the highest bidder. Auctions are used for any property for which there are likely to be a number of competing buyers, such as houses, second hand and antique… …

    Big dictionary of business and management

  • 23auction — 1 noun (C) a public meeting where land, buildings, paintings etc are sold to the person who offers the most money for them: put sth up for auction (=try to sell something at an auction): The house was put up for auction. | auction house (=a… …

    Longman dictionary of contemporary English

  • 24auction — /ˈɒkʃən / (say okshuhn) noun 1. a public sale at which property or goods are sold to the highest bidder. 2. Cards (in bridge or certain other games) the competitive bidding to fix a contract that a player or players undertake to fulfil. –verb (t) …

  • 25auction — /okshsn/ An auction is a public sale of property to the highest bidder by one licensed and authorized for that purpose. The auctioneer is employed by the seller and is primarily his agent. However, when the property is struck off he is also the… …

    Black's law dictionary

  • 26auction — /okshsn/ An auction is a public sale of property to the highest bidder by one licensed and authorized for that purpose. The auctioneer is employed by the seller and is primarily his agent. However, when the property is struck off he is also the… …

    Black's law dictionary

  • 27auction — n. & v. n. a sale of goods, usu. in public, in which articles are sold to the highest bidder. v.tr. sell by auction. Phrases and idioms: auction bridge 1 a form of bridge in which players bid for the right to name trumps. 2 the sequence of bids… …

    Useful english dictionary

  • 28Auction — A system where potential buyers place competitive bids on assets and services. The asset or service in question will sell to the party that places the highest bid. In most cases, sellers will pay a listing fee to the auctioneer, regardless of… …

    Investment dictionary

  • 29auction — auc•tion [[t]ˈɔk ʃən[/t]] n. 1) Also called public sale a publicly held sale at which property or goods are sold to the highest bidder. 2) gam a) auction bridge b) gam the bidding in bridge or other games 3) to sell by auction (often fol. by off) …

    From formal English to slang

  • 30auction — I. noun Etymology: Latin auction , auctio, from augēre to increase more at eke Date: 1595 1. a sale of property to the highest bidder 2. the act or process of bidding in some card games II. transitive verb (auctioned; auctioning) Date …

    New Collegiate Dictionary