Meaning of “overbid” in the English Dictionary

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"overbid" in British English

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overbidverb [ I or T ]

uk /ˌəʊ.vəˈbɪd/ us /ˌoʊ.vɚˈbɪd/ present participle overbidding, past tense and past participle overbid

(Definition of “overbid” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"overbid" in Business English

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overbidverb [ I or T ]

uk /ˌəʊvəˈbɪd/ us 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.

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(Definition of “overbid” from the Cambridge Business English Dictionary © Cambridge University Press)

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