Lottery in which an article is assigned by lot to one of those buying tickets

Lottery in which an article is assigned by lot to one of those buying tickets Correct Answer Raffle

One word substitute is Raffle.

Auction: a public sale in which goods or property are sold to the highest bidder.
Raffle: a means of raising money by selling numbered tickets, one or some of which are subsequently drawn at random, the holder or holders of such tickets winning a prize.
Audit: an official inspection of an organization's accounts, typically by an independent body.
Transit: the carrying of people or things from one place to another.

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