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overbid

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Definition of overbid in English:

verb (overbids, overbidding; past and past participle overbid)

Pronunciation: /əʊvəˈbɪd
 
/
[no object]
1(In an auction) make a higher bid than a previous bid: I’d once seen him blithely overbid for a tiny James I miniature portrait
More example sentences
  • Knowledge is power, and that way you won't overbid.
  • But this guy overbid me by something like 50% of my maximum bid.
  • Media hype and too much wine at dinner may lead a wealthy collector to overbid for a work at auction (but there must have been an underbidder).
2(In competitive tendering, the auction at bridge, etc.) bid more than is warranted or manageable.
Example sentences
  • Presumably it is legal to expose an identical pair to begin with to make it more difficult for other players to overbid, or to overbid a single card directly with a triple, and so on.
  • ‘Now our larger competition is overbidding prices like crazy,’ he says.
  • So canny employers are often willing to pay the finest foreign talent even more than they pay local talent - not underbidding for foreign talent, as nativists fear, but often overbidding.

noun

Pronunciation: /ˈəʊvəbɪd
 
/
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A bid that is higher than another or higher than is justified.

Derivatives

overbidder

1
noun

Definition of overbid in:

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