Public auction - Koubai

Japanese: 公売 - こうばい

〘noun〙① A sale or purchase forcibly conducted by a public institution. Such as an auction as a means of forced execution in civil cases, or liquidation of property as a means of disposing of delinquent taxes under the National Tax Collection Act. [English-Japanese Bookkeeping Laws (1878)] *Kokumin Shimbun - March 3, 1890 (Meiji 23) "It has already been put up for public auction through a bidding system, but at a much lower price than the initial budget." ② A sale conducted by a public agency. ③ To sell openly. *Edo Hanjo-ki (1832-36) 4 "Yoshiwara is the public entertainment district. You sell publicly, and I buy publicly."

Source: The Selected Edition of the Japanese Language Dictionary About the Selected Edition of the Japanese Language Dictionary Information

Japanese:

〘名〙① 公の機関により強制的に行なわれる売買。民事上の強制執行の手段としてされる競売や、国税徴収法上の滞納処分として行なわれる財産換価処分など。〔英和記簿法字類（1878）〕※国民新聞‐明治二三年（1890）三月三日「既に入札法を以て公売に附したれども、最初の予算額よりは非常の廉価にて」② 官公署が行なう売却。③ 公然と売ること。※江戸繁昌記（1832‐36）四「吉原は是れ公花街。汝公売して、我公買す」

出典　精選版日本国語大辞典精選版日本国語大辞典について　情報

<<: Takao (English spelling)

>>: Gradient - gradient