bid

/bɪd/ v [I/T] (present participle bidding, past tense and past participle bid) (OFFER)

Definition

› to offer a particular amount of money for something when competing against other people to buy it: [T] A collector bid $500,000 for the portrait. › People who bid for/on a job offer to do it for a particular amount of money. › Someone who bids to do something competes with others to do it: [I] Paris is bidding to host the next Olympics.

(Definition of bid v (OFFER) from the Cambridge Academic Content Dictionary © Cambridge University Press)