licitacija

1. auction; public sale
   Stan je prodat na licitaciji za polovinu cene. — The flat was sold at auction for half the price.
   Opština je raspisala licitaciju za zakup lokala. — The municipality announced an auction for leasing the premises.
2. (in card games) bidding
   U preferansu licitacija često odlučuje ko će dobiti partiju. — In preferans the bidding often decides who wins the game.
3. (of numbers, dates) speculation; guessing game
   Počela je licitacija o datumu izbora. — The guessing game about the election date has begun.

Usually used with na: prodati na licitaciji, kupiti na licitaciji.