Definition, Meaning & Synonyms
remate
noun
/rəˈmɑːteɪ/
Definition
The ultimate recovery of a possession that was previously lost or compromised, often through a legal or transactional process.
Examples
- After hours of bidding, the remate was awarded to the highest bidder.
- The remate of the abandoned property sparked significant interest among real estate investors.
- She attended the remate to ensure she could acquire the antique vase.
Meaning
In the context of auctions, it refers to the final bidding process where the item is transferred to the highest bidder.
Synonyms
- auction
- sale
- bid
- transaction
