Catholic Dictionary

Find accurate definitions of over 5,000 Catholic terms and phrases (including abbreviations). Based on Fr. John Hardon's Modern Catholic Dictionary, © Eternal Life. Used with permission.

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AUCTION

A public sale in which commodities are offered and sold to the highest bidder. Catholic morality teaches that any price arrived at by auction will be a just price provided that no unfair means are used either to run up the bid or to keep it down.