Licitation
Also found in: Legal.
Lic`i`ta´tion
(lĭs`ĭ`tā´shŭn)n. | 1. | The act of offering for sale to the highest bidder. |
Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.
n. | 1. | The act of offering for sale to the highest bidder. |