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Webster 1913 Edition

Noun.

[L.

subhastatio

A public sale or auction.

[R.]

Bp. Burnet.

Noun.

[L., under the spear.] A public sale or auction, so called form the Roman practice.

subhastation ‎(plural subhastations)

A public sale or auction.
(Can we find and add a quotation of Bishop Burnet to this entry?)