Meaning of “beat out sb/sth” in the English Dictionary

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"beat out sb/sth" in Business English

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beat out sb/sth

phrasal verb with beat uk /biːt/ us verb [ T ] beat, beaten, US also beat

US to be more successful than your competitors:

The New York-based accounting and consulting firm beat out eight rival bids to win the contract.

(Definition of “beat out sb/sth” from the Cambridge Business English Dictionary © Cambridge University Press)