"Outbidding" Pronounce,Meaning And Examples

"Outbidding" Meaning

To outbid someone means to offer a higher price for something than another person or company, thereby winning the right to purchase or acquire it. This is often used in the context of auctions, where individuals or companies compete to purchase an item by offering the highest price.

"Outbidding" Examples

Usage Examples of "Outbidding"

The construction company outbid its competitor to secure the contract for building the new stadium.
The wealthy investor outbid every other bidder to purchase the rare artwork, paying a record price.
The retailer outbid its rival to get the exclusive rights to sell the new product line.
The real estate agent helped the couple outbid several other buyers to purchase their dream home.
The oil company outbid its competitors to secure the rights to drill in the newly discovered oil field.