Definition, Meaning & Synonyms
bid-up
noun
/ˈbɪd ʌp/
Definition
An increase in the price of an item at an auction due to competitive bidding among buyers.
Examples
- At the auction, there was a thrilling bid-up for the rare painting.
- The bid-up continued until the price exceeded all expectations.
Meaning
Bid-up refers to the practice where potential buyers compete against each other, raising the price of an item through their bids.
Synonyms
- Price increase
- Auction bidding
