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English definition of “outbid”

outbid

verb [T] uk   /ˌaʊtˈbɪd/ (present participle outbidding, past tense and past participle outbid) us  
to offer to pay a higher price for something than someone else, especially at an auction (= public sale): The retail group outbid all three competitors for space in the shopping centre.Buying
(Definition of outbid from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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