Definition of Auction

Babylon English
auction
n. public sale where items are sold to the highest bidder
v. sell at an auction (public sale in which items are sold to the highest bidder)

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Auction definition was found in categories: Language, Idioms & Slang(6)  Social Science(1)  Arts & Humanities(1)  Business & Finance(1)  Science & Technology(1)  Encyclopedia(1)  

Auction Definition from Language, Idioms & Slang Dictionaries & Glossaries

Webster's Revised Unabridged Dictionary (1913)
Auction
(v. t.)
To sell by auction.
  
(n.)
The things sold by auction or put up to auction.
  
(n.)
A public sale of property to the highest bidder, esp. by a person licensed and authorized for the purpose; a vendue.
  

WordNet 2.0
auction

Noun
1. a variety of bridge in which tricks made in excess of the contract are scored toward game; now generally superseded by contract bridge
(synonym) auction bridge
(hypernym) bridge
2. the public sale of something to the highest bidder
(synonym) auction sale, vendue
(hypernym) sale
(derivation) auction off, auctioneer
(class) upset price

Verb
1. sell at an auction
(synonym) auction off, auctioneer
(hypernym) sell
(derivation) auction sale, vendue
(classification) commerce, commercialism, mercantilism

Anagram
auction
     caution

hEnglish - advanced version
auction

auction
\auc"tion\ (&?;), n. [l. auctio an increasing, a public sale, where the price was called out, and the article to be sold was adjudged to the last increaser of the price, or the highest bidder, fr. l. augere, auctum, to increase. see augment.]
1. a public sale of property to the highest bidder, esp. by a person licensed and authorized for the purpose; a vendue.
2. the things sold by auction or put up to auction. ask you why phryne the whole auction buys ?
note: in the united states, the more prevalent expression has been "sales at auction," that is, by an increase of bids (lat. auctione). this latter form is preferable.


  similar words(5) 




 dutch auction 
 auction block 
 auction bridge 
 auction pitch 
 auction sale 

Concise English-Irish Dictionary v. 1.1
auction
ceant

JM Welsh <=> English Dictionary
Arwerthu
Arwerthu = v. to sell by auction


Auction Definition from Social Science Dictionaries & Glossaries

Dream Dictionary
Auction
To dream of an auction in a general way, is good. If you hear the auctioneer crying his sales, it means bright prospects and fair treatment from business ventures.

To dream of buying at an auction, signifies close deals to tradesmen, and good luck in live stock to the farmer. Plenty, to the housewife is the omen for women. If there is a feeling of regret about the dream, you are warned to be careful of your business affairs.
  


Auction Definition from Arts & Humanities Dictionaries & Glossaries

Glossary of Stamp Collecting Terms
AUCTION
A public sale at which stamps or covers are sold to the highest bidder Bidding is done in person or by mail This is an excellent means of selling or buying material.


Auction Definition from Business & Finance Dictionaries & Glossaries

Sean_Woo's Finance,GIS & Real Estate Glossary
auction
a market institution with an explicit(clear) set of rules determining resource allocation and prices on the basis of bids from market participants


Auction Definition from Science & Technology Dictionaries & Glossaries

Industry Glossary
auction
Market for cattle through which an auctioneer sells cattle to the highest bidder.


Auction Definition from Encyclopedia Dictionaries & Glossaries

Wikipedia English - The Free Encyclopedia
Auction
An auction is the process of buying and selling goods by offering them up for bid, taking bids, and then selling the item to the winning bidder. In economic theory, an auction is a method for determining the value of a commodity that has an undetermined or variable price.

Auctioning can be traced as far back as 500 B.C. Auctions can be with reserve or minimum, or without minimums, or absolute or no reserve. In reserve auctions, there is a minimum bid or reserve price; if the bidding does not reach the minimum, there is no sale (but the person who puts the item up for auction may still owe a fee to the auctioneer or auction company). In absolute or no reserve auctions, the sale is guaranteed, with only the price left to be determined. In the context of auctions, a bid is an offered price.


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