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English definition of “bid”

bid

verb (OFFER)    /bɪd/ (present participle bidding, past tense bid, past participle bid)
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 [I or T] (in some card games ) to say, before play starts , how many points you expect to win in a particular game : Before you decide how to bid, you need to evaluate how strong the hand of cards you are holding is. She bid three diamonds .
(Definition of bid verb (OFFER) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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