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Licitation
UK
/lɪsɪˈteɪʃən/
US
/lɪsɪˈteɪʃən/
Translation licitation into russian
licitation
Noun
UK
/lɪsɪˈteɪʃən/
US
/lɪsɪˈteɪʃən/
licitation
licitations pl
The painting was sold at a licitation.
Картина была продана на аукционе.
The property was offered for sale by licitation.
Имущество было выставлено на продажу через торги.
Additional translations
публичная продажа
конкурс
Definitions
licitation
Noun
UK
/lɪsɪˈteɪʃən/
US
/lɪsɪˈteɪʃən/
The act of offering something for sale, especially at an auction.
The licitation of the antique vase attracted many collectors to the auction house.
A legal process in some jurisdictions where co-owned property is sold to the highest bidder to resolve disputes among the owners.
The siblings decided to resolve their inheritance dispute through licitation, allowing the property to be sold and the proceeds divided.