Drafting
Drafting is a means of distributing cards or other game elements to players through an ordered selection process.
A typical implementation involves each player being dealt the same number of cards. Players then select one card to keep, and pass the rest to their left. This continues until all cards are taken. 7 Wonders implements this type of draft.
An alternative is that only one player is dealt cards, and they take one and pass it until all players have cards. This obviously is strongly biased towards the first player, and needs to be supported thematically and balance-wise. Citadels has this type of draft.
Another type is the open draft, where all options are shown to the players, and they take turns selecting. This is akin to Action Selection or Worker Placement.