auction
The definition of an auction is a sale of one or several items in which buyers bid how much they are willing to pay.
(noun)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.
(verb)An example of to auction is to sell an item using eBay to the highest bidder.
See auction in Webster's New World College Dictionary
noun
- 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: L auctio, an increasing, sale by increase of bids < auctus, pp. of augere, to increase: see wax
transitive verb
See auction in American Heritage Dictionary 4
noun
- 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:
Origin: Latin auctiō, auctiōn-
Origin: , from auctus
Origin: , past participle of augēre, to increase; see aug- in Indo-European roots
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