Licitation

2 definitions found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Licitation \Lic`i*ta"tion\ (l[i^]s`[i^]*t[=a]"sh[u^]n), n. [L.
     licitatio, fr. licitari, liceri, to bid, offer a price.]
     The act of offering for sale to the highest bidder. [R.]
     [1913 Webster]

From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:



  LICITATION. A sale at auction; a sale to the highest bidder.