/bɪd/(present participlebidding, past tensebid, past participlebid)
Definition
C2[I or T]to offer a particular amount of money for something that is for sale and compete against other people to buy it, especially at a public sale of goods or property: She knew she couldn't afford it, so she didn't bid.The communications group has shown an interest in bidding for the company.A foreign collector has bid £500,000 for the portrait.[+ two objects]What am I bid for this fine vase?Negotiating pricesBuying›[I]If two or more people bid for a job, they compete with each other to do the work by offering to do it for a particular amount of money: The department is trying to ensure fairer competition among firms bidding for government contracts.Competing and contending (non-sporting)Competing in sport›[T+ to infinitive]If someone bids to do something, they compete with other people to do it: Paris is bidding to host the next Olympics.Competing and contending (non-sporting)Competing in sport