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Public auction | government auction - meaning and illustration

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1. Synonyms, etymology, translation, definition, examples and notes

1.1. Subject field:

Fishery product marketing. (🏛 Hierarchy: Fisheries > Fishery product marketing )

1.2. IPA transcription and prononciation for public auction and government auction: 🔊

Government auction /ˈgʌvnmənt ˈɔːkʃən/ ; public auction /ˈpʌblɪk ˈɔːkʃən/

1.3. Synonyms of public auction:

1 international synonym(s) for public auction. Notably:

🍧 Government auction 🔉 ▶

1.4. 🇫🇷 French translation of public auction and government auction:

Vente aux enchères
Enchère

1.5. Definition of public auction in fisheries:

Public auction, also known as government auction, is defined as: competitive sale process held on behalf of a government in which more than one bidder participates or is invited to participate the fishery property to be auctioned is either property owned by the government or property which is sold under the authority of a court of law or a government agency with similar authority.