preemptive bid

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Explanation of "Preemptive Bid"

Definition: A "preemptive bid" is a term used primarily in card games, especially in bridge, but it can also be relevant in auctions or business negotiations. It refers to a high bid made by a player or a bidder that is intended to stop others from placing their own bids. The idea is to take control of the situation and prevent competitors from having a chance to win.

Example

• In a Card Game: "During the bridge game, she made a preemptive bid of three hearts to discourage the other players from bidding higher."
• In an Auction: "His preemptive bid of $10,000 shocked everyone and made it hard for others to compete."

Advanced Usage

• In a more strategic context, a preemptive bid can be seen as a tactical move to assert dominance in a bid or auction scenario. It shows confidence and can force opponents to reconsider their strategies.

Word Variants

• Preempt (verb): To take action in order to prevent something.
• Preemption (noun): The act of preempting, which means taking action to prevent something.

Different Meanings

• Preemptive (adjective): Refers to actions taken to prevent something from happening. For example, "a preemptive strike" means attacking before being attacked.

Synonyms

• Aggressive bid: This can imply a strong and forward approach in bidding.
• Defensive bid: This implies that the bid is made to protect one's position against competitors.

Idioms and Phrasal Verbs

• "Bid high": To make a high offer in hopes of winning something.
• "Put in a bid": To offer a certain amount of money in an attempt to purchase something or win a contract.

Summary

In summary, a "preemptive bid" is a strategic move made to prevent others from participating effectively in bidding situations. It showcases confidence and can alter the dynamics of competition.

Academic

Noun

1. a high bid that is intended to prevent the opposing players from bidding

Synonyms

• pre-empt
• preempt