Biding: meaning, definitions and examples
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biding
[ ˈbɪdɪŋ ]
auction process
Bidding refers to the action of offering a specified amount of money for something, especially at an auction. It involves participants competing against each other by increasing bid amounts in order to win an item or service. The process can be competitive and strategic, as bidders attempt to outlast others. Bidding can also refer to the act of making a proposal to undertake a task or enter into a contract. This term is widely used in various contexts, including eBay auctions and real estate sales.
Synonyms
offering, proposing, tendering.
Examples of usage
- He started the bidding at $100.
- The bidding war continued for several minutes.
- She decided to place a higher bid to secure the vintage vase.
auction setting
Bidding can also be a noun that describes the process or act of making offers in an auction. It encompasses all the actions leading to an agreement on the purchasing price of a particular item. The term can refer to both the initial offers and the competitive increases in those offers until the final sale is concluded. Bidding is an essential aspect of many commercial transactions, especially in contexts where goods or services are sold to the highest bidder.
Synonyms
Examples of usage
- The bidding starts at noon.
- He participated in the bidding for the rare artifact.
- The excitement of the bidding attracted many spectators.
Translations
Translations of the word "biding" in other languages:
🇵🇹 licitação
🇮🇳 बोली
🇩🇪 Ausschreibung
🇮🇩 penawaran
🇺🇦 тендер
🇵🇱 przetarg
🇯🇵 入札
🇫🇷 appel d'offres
🇪🇸 licitación
🇹🇷 ihale
🇰🇷 입찰
🇸🇦 مناقصة
🇨🇿 výběrové řízení
🇸🇰 verejná súťaž
🇨🇳 招标
🇸🇮 javna naročila
🇮🇸 boð
🇰🇿 тендер
🇬🇪 ტენდერი
🇦🇿 tender
🇲🇽 licitación
Etymology
The term 'bidding' originates from the Old English word 'bidde', which meant to offer or ask. This was based on the Proto-Germanic root 'bidan', which translates to 'to wait' or 'to await.' The evolution of the term is closely tied to the development of trade and commerce, particularly in auction settings where buyers would bid against each other for goods. As markets became more structured, the practice of bidding became formalized in auctions, leading to the modern understanding of the term. Significant references in literature and commerce through the centuries have cemented its use in various contexts, highlighting its central role in economic activities. The term has maintained its relevance in both physical and digital auction spaces, such as eBay, where online bidding has become a popular method of purchasing items.