Webster's English Dictionary

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competition

com.pe.ti.tion \.ka:m-p*-'tish-*n\ \k*m-'pet-*-.to-r-e-, -to.r-\ n [LL 
   competition-, competitio, fr. L competitus, pp. of com]petere 1: the act or 
   process of competing : RIVALRY  2: a contest between rivals; also : the 
   person competing {first-r ate ~} 3: the effort of two or more parties to 
   secure the business of a third part y by the offer of the most favorable 
   terms - com.pet.i.to.ry aj