- The definition of an auction is a sale of one or several items in which buyers bid how much they are willing to pay.
An example of an auction is a the sale of a foreclosed house to the highest bidder.
- Auction is defined as to sell an item to the buyer who will pay the most, instead of for a set price.
An example of to auction is to sell an item using eBay to the highest bidder.
A house about to be sold at auction.
auction definition by Webster's New World
- a public sale at which items are sold one by one, each going to the last and highest of a series of competing bidders
- auction bridge
- the bidding in bridge
- Finance a sale of government securities in which competitive bidding determines their yield
Origin: Classical Latin auctio, an increasing, sale by increase of bids ; from auctus, past participle of augere, to increase: see wax
auction definition by American Heritage Dictionary
- A public sale in which property or items of merchandise are sold to the highest bidder.
- Games a. The bidding in bridge.b. Auction bridge.
Origin: Latin auctiō, auctiōn-, from auctus, past participle of augēre, to increase; see aug- in Indo-European roots.
auction - Legal Definition
auction - Phrases/Idioms
put up at auctionâ