Simple English definitions for legal terms
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Term: LICERI
Definition: Liceri is a term used in Roman law that means to bid for an item, especially repeatedly during the same sale. It is also known as licitari.
Liceri is a Latin term used in Roman law that means to bid for an item, especially repeatedly during the same sale.
During an auction, a bidder may liceri on a particular item, meaning they are placing bids on it. If another bidder places a higher bid, the first bidder may continue to liceri by placing even higher bids in an attempt to win the item.
For example, if a painting is being auctioned and the starting bid is $100, a bidder may liceri by placing a bid of $150. If another bidder places a bid of $200, the first bidder may continue to liceri by placing a bid of $250.
These examples illustrate how liceri refers to the act of bidding on an item, especially when multiple bids are placed during the same sale.