LICITATION

licitation (lis-[schwa]-tay-sh[schwa]n). 1. The offering for sale or bidding for purchase at an auction; esp., in civil law, a judicial sale of property held in common. See La. Civ. Code art. 811. [Cases: Husband and Wife 272(5); Partition 99. C.J.S. Partition § 149.] 2. CANT.