Focus on the pronunciation of overbid
English definition of “overbid”
/ˌəʊvəˈbɪd/ verb [I or T] (overbidding, overbid, overbid) FINANCE
› to offer more money than someone in an attempt to buy something: They were overbid by a Japanese firm.
› to offer too much money in an attempt to buy something: The Commission felt the company were overbidding and were not sure that they could raise the cash. → Compare underbid