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English definition of “bidder”

bidder

noun [C]
 
 
/ˈbɪdər/
a company or person that offers to pay a particular amount of money to buy something: bidder for sth Nestle has been cited as a potential bidder for these businesses.
a company or organization that offers to do work for a particular price: bidder for/on sth There have been several bidders on this project.
the highest bidder the person or company that offers the most money: Their home will be sold at auction to the highest bidder.
the lowest bidder the person or company that offers to do a particular piece of work for the least amount of money: The security contracts are usually awarded to the lowest bidder.
(Definition of bidder from the Cambridge Business English Dictionary © Cambridge University Press)
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