Definition, Meaning & Synonyms

outbid

verb

/ˌaʊtˈbɪd/

Definition

To offer a higher price than someone else in a competitive situation, particularly in auctions or sales.

Examples

She decided to outbid the other participants for the antique vase at the auction.
In the competitive housing market, many buyers have to outbid each other to secure a home.
After initially losing the auction, he returned to outbid the final offer.

Meaning

When you outbid someone, you are effectively bidding more money than they have offered, making your bid the highest and likely winning the item or opportunity.