Licitacion
The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
The Cyclopedic Law Dictionary
In Spanish law. The sale made at public auction by coproprietors, or coheirs, of their joint property which is not susceptible of being advantageously divided in kind. LICITARE (Lat.) In Roman law. To offer a price at a sale; to bid; to bid often; to make several bids, one above another. Calv. Lex.