Auction

What is Auction?

Auction definition and meaning on Dictionary terms:
noun
Also called public sale. a publicly held sale at which property or goods are sold to the highest bidder.
Cards. auction bridge.(in bridge or certain other games) the competitive bidding to fix a contract that a player or players undertake to fulfill.

verb (used with object)
to sell by auction (often followed by off): He auctioned off his furniture.

 

reference: www.dictionary.com/browse/auction

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