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English definition of “bid”

bid

noun [C]     /bɪd/
COMMERCE, FINANCE an offer to buy something for a particular price : a bid of £50mmake a bid for sth It is believed the team are ready to make a bid for the player . a failed / successful bid
an offer to do work for a particular price : invite bids for sth/to do sth The state government is inviting bids to carry out maintenance work on all the state highways .make/put in/submit a bid for/on sth It was the second time they had submitted a bid for the contract .
an attempt to achieve or get something: bid for sth He lost his bid for re-election to the board . The government has reduced the cost of borrowing in a bid to get the economy moving again. → See also agreed bid, cabinet bid, cash bid, closed bid, conditional bid, counter-bid, friendly bid, hostile bid, open bid, opposed bid, paper bid, sealed bid, takeover bid, unconditional bid
(Definition of bid noun from the Cambridge Business English Dictionary © Cambridge University Press)
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