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outbid verb
/ˌaʊtˈbɪd/ v [T] (outbidding, outbid, outbid) Definition
to offer to pay a higher price for something than someone else, especially at an auction (= public sale)
The retail group outbid all three competitors for space in the shopping centre.
(Definition of outbid verb from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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