Crossword Genius

... enterprise overcoming union leader to receive bids (7)

Ross

I believe the answer is:

auction

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But I can't explain it at all! Could you help me understand?

(Other definitions for auction that I've seen before include "Occasion of lots under the gavel" , "Competitive sale" , "A lot will be seen in this" , "Caution about method of sale" , "Use caution at public sale" .)

I've seen this clue in The Hindu.
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