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auction


  as an issue of Process (read more...)

auction, defined:

a sales process by which goods or services are sold to the highest bidder.

auction, as it might be used:

Non-judicial foreclosure proceedings must be conducted by auction in a fair and open manner, with the property sold to the highest bidder.

An example of auction:

Fiona, having recently cleaned out her garage, sold a number of unwanted items by online auction and discarded the rest as rubbish.

auction may also be referred to as:

  • auction sale
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