seized auction!

seized auction

Comprehensive Analysis

1) "Seized" -- As to seized auction seize Pronunciation: 'sEz Function: verb Inflected Form(s): seized; seiz·ing Etymology: Middle English saisen, from Anglo-French seisir, from Medieval Latin sacire, of Germanic origin; perhaps akin to Old High German sezzen to set -- more at SET transitive verb 1 a usually seise /'sEz/ : to vest ownership of a freehold estate in b often seise : to put in possession of something <the biographer will be seized of all pertinent papers> 2 a : to take possession of : CONFISCATE b : to take possession of by legal process 3 a : to possess or take by force : CAPTURE b : to take prisoner : ARREST 4 a : to take hold of : CLUTCH b : to possess oneself of : GRASP c : to understand fully and distinctly : APPREHEND 5 a : to attack or overwhelm physically : AFFLICT <seized with chest pains> b : to possess (as one's mind) completely or overwhelmingly <seized the popular imagination -- Basil Davenport> 6 : to bind or fasten together with a lashing of small stuff (as yarn, marline, or fine wire) intransitive verb 1 : to take or lay hold suddenly or forcibly 2 a : to cohere to a relatively moving part through excessive pressure, temperature, or friction -- used especially of machine parts (as bearings, brakes, or pistons) b : to fail to operate due to the seizing of a part -- used of an engine synonym see TAKE - seiz·er noun Pronunciation Symbols ..." 2) "Auction" -- As to seized auction 1auc·tion Pronunciation: 'ok-sh&n Function: noun Etymology: Latin auction-, auctio, from augEre to increase -- more at EKE 1 : a sale of property to the highest bidder 2 : the act or process of bidding in some card games Pronunciation Symbols An auctioneer and her assistants scan the crowd for bidders An auction is the process of buying and selling things by offering them up for bid, taking bids, and then selling the item to the highest bidder. Auctioning can be traced as far back as 500 B.C.[1] In economic theory, an auction is a method for determining the value of a commodity that has an undetermined or variable price. Auctions can be with reserve or minimum, or without minimums, or absolute or no reserve. In reserve auctions, there is a minimum bid or reserve price; if the bidding does not reach the minimum, there is no sale (but the person who puts the item up for auction may still owe a fee to the auctioneer or auction company). In absolute or no reserve auctions, the sale is guaranteed, with only the price left to be determined. In the context of auctions, a bid is an offered price. 1 History of the Auction 2 Additional Information 3 Types of auctions 3.1 Primary types of auctions 3.2 Other auction terminology 4 See also 5 Further reading 6 Footnotes However, according to ancient Greek scribes, the more generally accepted auction occurred first in Babylon in 500 B.C. During this period, auctions were held annually, and women were sold on the condition of marriage. It was considered illegal to allow a daughter to be sold outside the auction method. Women with “beauty” engendered higher bidding, women without “beauty” had to pay a dowry to be accepted into the auction, and thus the price would be negative. During the Roman Empire, following military victory, Roman soldiers would often spear the ground to mark the location of spoils in which goods and property were seized. Roman business agents were said to have accompanied warriors into battle to help facilitate expected sales...." 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