outbid

/aut'bid/

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Explanation of "Outbid"

Definition:
The verb "outbid" means to offer a higher amount of money than someone else in a bidding situation. This often happens in auctions, where people compete to buy something by making higher offers.

Usage Instructions:

• You use "outbid" when you are talking about someone offering more money than another person.
• It often appears in contexts like auctions, sales, or negotiations.

Example:

• "I really wanted that painting, but someone outbid me at the auction."

Advanced Usage:

• In a competitive context, you might say, "The company outbid its rivals to secure the contract." This means that the company offered a higher price than its competitors.

Word Variants:

• Outbidder (noun): A person who outbids others. Example: "The outbidder was determined to win the item."
• Outbidding (noun): The act of making a higher bid than someone else. Example: "Outbidding in the auction continued until the final moments."

Different Meanings:

• "Outbid" primarily refers to financial offers, but it can also be used metaphorically to describe situations where someone surpasses another in other areas, like achievements or resources.

Synonyms:

• Overbid: This can mean to bid more than necessary, sometimes implying a mistake. Example: "He overbid on that car."
• Surpass: To exceed or go beyond. Example: "She surpassed her competitors in sales."

Idioms and Phrasal Verbs:

• There aren't specific idioms or phrasal verbs that directly relate to "outbid," but you might encounter phrases like:
  • "Raise the stakes," which means to increase the level of risk or investment in a situation, similar to outbidding someone.
  • "Bid for something," which means to make an offer to buy or obtain something.

Summary:

"Outbid" is a useful verb when discussing competitive situations involving offers of money.

Academic

Verb

1. bid higher than others
2. bid over an opponent's bid when one's partner has not bid or doubled