Outbid: meaning, definitions and examples

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outbid

 

[ˌaʊtˈbɪd ]

Definition

Context #1 | Verb

auction

To offer a higher price than someone else in order to buy something, especially at an auction.

Synonyms

outdo, outmatch, outstrip, surpass.

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Word Description / Examples
outbid

Used in competitive situations, especially in auctions or business, when someone offers a higher price or better terms than another person.

  • She outbid everyone at the auction to win the painting.
  • The company outbid its competitors to secure the contract.
outdo

Used when someone does something better or is more successful than another person in a particular activity or task.

  • He always tries to outdo his brother in sports.
  • The team managed to outdo their previous performance.
outmatch

Applied in situations where one person or thing is superior in skill, quality, or ability compared to another. It often implies a direct competition.

  • The knight was outmatched by his opponent in the duel.
  • The new smartphone outmatches its predecessor in every aspect.
outstrip

Used when someone or something moves faster, develops more quickly, or becomes better than another person or thing. It often involves surpassing expectations or standards.

  • The athlete managed to outstrip all her competitors in the final lap.
  • Their sales outstripped those of their closest rivals.
surpass

Used to indicate exceeding a particular limit, standard, or expectation. This can relate to achievements, qualities, or performance, without necessarily involving direct competition.

  • His latest work surpasses all his previous novels.
  • The hotel's service surpasses all expectations.

Examples of usage

  • She outbid all the other bidders for the painting.
  • He was determined to outbid his rival for the antique vase.

Interesting Facts

Etymology

  • The word 'outbid' is a combination of 'out', meaning beyond, and 'bid', which comes from the Old English word 'byddan', meaning to offer.
  • It has been used in English since the late 19th century, reflecting the rise of formal auctions.

Economics

  • In competitive markets, outbidding helps determine the true value of items, especially rare collectibles.
  • Auctions rely on the principle of outbidding to drive prices higher, benefiting both sellers and vendors.

Pop Culture

  • High-stakes auctions in TV shows and movies often feature characters outbidding each other for dramatic effect.
  • Shows like 'Auction Hunters' display the thrill of outbidding in real-time as participants chase valuable items.

Psychology

  • People might be motivated to outbid others due to a perceived competition or the fear of missing out (FOMO).
  • Winning a bid can trigger positive emotions such as elation or pride, influencing future bidding behavior.

Technology

  • Online auction platforms, like eBay, use algorithms to facilitate outbidding, even allowing automated bids to increase by set increments.
  • Auction software analyzes past bidding behavior to suggest optimal bidding strategies.

Translations

Translations of the word "outbid" in other languages:

🇵🇹 superar a oferta

🇮🇳 बोली लगाना

🇩🇪 überbieten

🇮🇩 menawarkan lebih tinggi

🇺🇦 перебити ставку

🇵🇱 przebić ofertę

🇯🇵 入札を上回る

🇫🇷 surenchérir

🇪🇸 superar la oferta

🇹🇷 teklifi geçmek

🇰🇷 입찰을 초과하다

🇸🇦 تجاوز العرض

🇨🇿 překonat nabídku

🇸🇰 prekonať ponuku

🇨🇳 出价更高

🇸🇮 prekoračiti ponudbo

🇮🇸 bjóða meira

🇰🇿 ұсынысты арттыру

🇬🇪 მოწვდილი

🇦🇿 təklifdən üst olmaq

🇲🇽 superar la oferta

Word Frequency Rank

This word's position of #32,336 indicates it's among the more rare English words. While understanding it broadens your vocabulary, focus on more common words first.