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There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
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Simple English definitions for legal terms
licitari
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A quick definition of licitari:
Term: Licitari
Definition: Licitari is a Latin term used in Roman law which means to bid for an item, especially repeatedly during the same sale. It is also known as liceri.
Simply put, licitari means to keep offering more money for something you want to buy, especially when other people are also bidding for it.
A more thorough explanation:
Term: LicitariDefinition: Licitari is a Latin term used in Roman law which means to bid for an item, especially repeatedly during the same sale. It is also known as liceri. Examples:
- During an auction, a bidder may licitari on a particular item to increase the price and outbid other potential buyers.
- When a seller sets a reserve price for an item, bidders may need to licitari until the price reaches the reserve and the item can be sold.