Lotting: meaning, definitions and examples
๐ท๏ธ
lotting
[ หlษtษชล ]
auction process
Lotting refers to the process of dividing items into groups or lots for sale, especially at auctions. In this context, it allows for efficient bidding and selling of multiple items. Each lot represents a specific collection of goods that can be bid on collectively. This method aids both buyers and sellers in managing the sale of different items simultaneously. Lotting is common in real estate, antiques, and art auctions.
Synonyms
categorization, classification, grouping.
Examples of usage
- The auction house displayed the lotting of various antiques.
- She carefully considered the lotting of her paintings for the sale.
- Lotting the items helped streamline the auction process.
Translations
Translations of the word "lotting" in other languages:
๐ต๐น loteamento
๐ฎ๐ณ เคฒเฅเคเคฟเคเค
๐ฉ๐ช Losverfahren
๐ฎ๐ฉ pengundian
๐บ๐ฆ ะปะพััะฒะฐะฝะฝั
๐ต๐ฑ losowanie
๐ฏ๐ต ใญใใใฃใณใฐ
๐ซ๐ท tirage au sort
๐ช๐ธ sorteo
๐น๐ท kura รงekme
๐ฐ๐ท ์ถ์ฒจ
๐ธ๐ฆ ุณุญุจ ุงููุฑุนุฉ
๐จ๐ฟ losovรกnรญ
๐ธ๐ฐ losovanie
๐จ๐ณ ๆฝ็ญพ
๐ธ๐ฎ ลพreb
๐ฎ๐ธ lottun
๐ฐ๐ฟ ะปะพััะฐั
๐ฌ๐ช แแแขแแ แแแ
๐ฆ๐ฟ lotlama
๐ฒ๐ฝ sorteo
Etymology
The term 'lotting' originates from the word 'lot', which has Germanic roots and dates back to the Middle Ages. Originally, 'lot' referred to a share or portion of something, often used in the context of drawing lots as a method of decision-making or assigning tasks. Over time, this evolved to denote a specific group of items or shares, particularly in trade and auctions. The process of lotting emerged as a practical way to manage the sale of multiple items, enabling auctioneers to organize goods for bidders efficiently. As commerce grew, so did the need for systematic approaches to selling items, leading to the formalization of lotting as a recognized practice in auctions.