Auctioning

Pronunciation: /ˈɔːkʃənɪŋ/

Auctioning (noun)

  1. The process of selling goods or services by asking people to bid, then giving the item to the highest bidder.
  2. A public event where items are offered for sale and buyers compete with bids until the sale is decided.
  3. A sale ordered by law, where property is sold to pay debts or settle a case through competitive bidding.

Examples

  • Auctioning decides prices through bids from buyers.
  • Auctioning can raise prices when many bidders compete.

Auctioning (verb)

  1. To sell something by inviting bids from buyers and choosing the highest bid to complete the sale.

Examples

  • They auctioning the items to the highest bidder.
  • The company auctioning the equipment after closing.