Definition, Meaning & Synonyms
overbid
Verb
/ˌoʊ.vərˈbɪd/
Definition
To bid more than the necessary or reasonable amount, often in an auction or negotiation.
Examples
- During the auction, he decided to overbid for the rare painting, hoping to secure it before anyone else could.
- If you overbid on a house, you might end up regretting your decision later.
Meaning
The act of offering a higher price than what is typically needed or expected, potentially leading to higher expenses.
Synonyms
- exceed
- overspend
- outbid
