Meaning of “bid” - Learner’s Dictionary

bid

verb us uk /bɪd/ present participle bidding, past tense and past participle bid

[ I, T ] to offer to pay an amount of money for something:

They bid $500 million for the company.
bid for sth; bid to do sth

to try to do or obtain something:

Five firms have bid for the contract.

(Definition of “bid verb” from the Cambridge Learner’s Dictionary © Cambridge University Press)