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Outbidding Meaning: Definition, Examples, and Translations

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outbidding

[aʊtˈbɪdɪŋ ]

Definition

Context #1 | Verb

competitive bidding

Outbidding refers to the act of offering a higher amount than a competing bidder in a bidding process. This term is commonly used in auctions, tenders, and any scenario where multiple parties compete to acquire an item or contract.

Synonyms

outstriping, overbidding, surpassing.

Examples of usage

  • She outbidding her competitors at the art auction.
  • The company was outbidding others for the lucrative contract.
  • During the property auction, one buyer kept outbidding everyone.
  • He successfully outbidding his rivals for the classic car.

Translations

To see the translation, please select a language from the options available.

Origin of 'outbidding'

The term 'outbidding' is derived from the combination of the prefix 'out-' and the verb 'bid.' The prefix suggests a sense of surpassing or exceeding, while 'bid' comes from the Old English 'bidan,' which means to offer or to command. Historically, the practice of bidding dates back to ancient times, where tribes and groups would offer resources or goods in exchange for items of value. The term has evolved over the centuries, becoming a formal part of economic transactions, particularly in auctions and competitive bidding processes. Today, 'outbidding' is commonly associated with various fields including real estate, government contracts, and online auctions, reflecting its versatility in modern commerce.

Word Frequency Rank

Ranking #39,053, this word is encountered relatively rarely in everyday English. It might appear in literary works or specialized texts but isn't essential for general communication.