See Also: auction(encyclopedia)
auction(dictionary)
Auction(money)
Auction - Baccarat(gambling)
Auction markets(finance)
Auction period(finance)
Auction price(finance)
Auction volume(finance)
Dutch auction(finance)
Yankee auction(finance)

auction (iou)



auction noun & verb. L16.
[Latin auctio(n-) lit. 'increase', from auct- pa. ppl stem of augere to increase: see -ION.]
A. noun.
A (usu. public) sale in which articles are sold to or reserved for the highest bidder. L16.
all over the auction Austral. slang everywhere. Dutch auction a sale in which the price is gradually reduced by the auctioneer until a buyer is found. mock auction: see MOCK adjective.
The bidding in a hand of a card-game such as bridge. Also ellipt., = auction bridge s.v. BRIDGE noun2. E20.
auction bridge: see BRIDGE noun2.
b. verb trans. Sell by auction. E19.