A modern dictionary of Catholic terms, both common and obscure. Find accurate definitions of words and phrases.
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.
All items in this dictionary are from Fr. John Hardon's Modern Catholic Dictionary, © Eternal Life. Used with permission.