overbid
/ˌoʊvərˈbɪd/
noun
- A bid that is higher than the value of something or higher than another bid.
- His overbid of $500 meant he paid too much for the used car.
- She regretted her overbid as soon as the hammer fell.
- The auctioneer rejected the overbid because it exceeded the reserve price.
verb
- To bid more than the value or worth of something, especially at an auction.
- He accidentally overbid on the antique vase and paid twice its market value.
- In the excitement of the auction, she overbid on the painting by several thousand dollars.
- The collector warned his friend not to overbid on the rare coin.
- To offer a higher price than someone else in a competitive situation.
- She overbid the other buyers to secure the beachfront property.
- They overbid the competition and won the rights to the new technology.
- The company decided to overbid its rival for the construction contract.
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