lic·i·ta·tion \ˌlisəˈtāshən\noun (-s) Etymology: Latin licitation-, licitatio, from licitatus (past participle of licitari to bid a price, freq. of licēre to be for sale) + -ion-, -io -ion — more at license 1.: the act of offering for sale or bidding at an auction 2.: cant VII 2