licitar
to bid
verb lee-see-TAHR Rare
Origin: Latin licitari, from licitus (permitted)
Also means
to tender
Usage Note
Licitar is a formal legal and commercial term meaning to submit a bid in a public tender or auction (licitar una obra pública, 'to bid on a public works contract'). It should not be confused with ilícito ('illicit') — the spelling difference is critical. The related noun is licitación and a bidder is a licitador.
Examples
"Varias empresas decidieron licitar el contrato."
Natural Translation
Several companies decided to bid on the contract.

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