licitation

noun

lic·​i·​ta·​tion
ˌli-sə-ˈtā-shən
: the act of offering for sale or bidding at an auction
specifically, in the civil law of Louisiana : a mode of partitioning property held in common by sale at auction

Word History

Etymology

Latin licitatio, from licitari to bid a price, from licere to be for sale

Dictionary Entries Near licitation

Cite this Entry

“Licitation.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/licitation. Accessed 19 Apr. 2024.

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