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Government auction

auction held on behalf of a government in which the property to be auctioned is either property owned by the government or property which is sold under the authority of a court of law or a government agency with similar authority

Pronunciation
/ˈɡʌvənˌmənt ˈɔːkʃən/
/ˈɡəvərnmənt ˈɔkʃən/
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