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outbid

verb [T]
 
 
/ˌaʊtˈbɪd/ (present tense outbidding, past tense and past participle 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.Buying
(Definition of outbid verb from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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