Meaning of auction
Pronunciation: (ôk'shun), [key]
- a publicly held sale at which property or goods are sold to the highest bidder.
- Seeauction bridge.
- (in bridge or certain other games) the competitive bidding to fix a contract that a player or players undertake to fulfill.
- to sell by auction (often fol. by off&hasp;): He auctioned off his furniture.
- auction (Thesaurus)