Bidder Meaning: Definition, Examples, and Translations
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bidder
[ˈbɪdər ]
Definitions
auction
A person or company that makes a formal offer to buy something in an auction.
Synonyms
buyer, participant, purchaser.
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| bidder |
This term is often used in the context of auctions and competitive bidding scenarios, where individuals are trying to acquire something by offering a price.
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| purchaser |
Similar to 'buyer,' but often used in more formal or official contexts, typically relating to business or legal transactions.
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| buyer |
This word is used in general purchasing situations where someone is acquiring goods or services in exchange for money.
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| participant |
This word refers to someone who takes part in an event or activity, not necessarily related to purchasing or bidding. It can be used in various contexts including competitions, studies, and general events.
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Examples of usage
- The highest bidder will win the painting.
- The bidders were competing fiercely for the rare stamp.
business
A person or organization that submits a proposal to undertake work or provide goods at a specified price.
Synonyms
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| bidder |
A person or organization participating in an auction or competitive bidding process, especially in a commercial context.
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| tenderer |
A party that submits a tender in response to an invitation to bid, usually in a formal, public, or governmental procurement process.
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| offeror |
An individual or organization that makes a formal offer, particularly in legal or corporate settings. It is commonly used in contractual agreements and business dealings.
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| contender |
A person or team that is in competition or conflict with others, often used in sports, politics, or any competitive field. It implies a serious challenge or rivalry.
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Examples of usage
- The construction company was the lowest bidder for the project.
- We received bids from several different bidders for the contract.
online auctions
A user who places a bid on an item in an online auction.
Synonyms
online bidder, participant.
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| bidder |
Used in auctions or competitions where individuals or entities make offers to purchase or win something.
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| participant |
A more general term used to refer to someone who takes part in any event, activity, or competition, not necessarily involving bidding.
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| online bidder |
Specifically applies to situations where the bidding process is conducted over the internet.
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Examples of usage
- There are multiple bidders for the vintage watch on the online auction site.
- The bidder with the highest bid will be notified by email.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Economics
- Bidding strategies vary, with some bidders using tactics like sniping, which involves placing a bid at the last moment.
- The concept of bidding is crucial in economics, influencing market prices during auctions for art, real estate, and more.
Pop Culture
- Auction scenes in movies often depict bidders in competitive environments, highlighting the drama of high-stakes negotiations.
- Reality TV shows like 'Auction Hunters' and 'Storage Wars' popularized the concept of bidding on abandoned items and storage units.
History
- Formal auctions have existed since 500 B.C. in ancient Greece, showcasing the long-standing tradition of competitive bidding.
- In the 18th century, auction houses like Sotheby's and Christie's began specializing in art and collectibles, shaping modern bidding practices.
Technology
- With the advent of the internet, online bidding platforms revolutionized how bidders participate in auctions globally.
- Bidder identity can be hidden in online auctions to encourage fairness and competitiveness among participants.
Origin of 'bidder'
Main points about word origin
- The word 'bid' has roots in the Old English word 'biddan', meaning 'to ask' or 'to request'.
- The term evolved in Middle English through the word 'bidden', retaining the essence of making an offer.
The word 'bidder' originated from the Middle English word 'biddere', which is derived from the Old English word 'biddan' meaning 'to ask, entreat, pray'. Over time, the meaning of 'bidder' evolved to specifically refer to someone making an offer at an auction. The term has been used in the context of auctions and business proposals for centuries, highlighting the competitive nature of bidding for goods or services.