licitation

noun
lic·​i·​ta·​tion | \ ˌli-sə-ˈtā-shən \

Legal Definition of licitation

: 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

History and Etymology for licitation

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

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Cite this Entry

“Licitation.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/licitation. Accessed 24 Oct. 2020.

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