"Overbid" Pronounce,Meaning And Examples

"Overbid" Meaning

The word "overbid" refers to a bid that is higher than the current highest bid, typically in an auction or competitive bidding process. It is a situation where a person or organization offers a price that is greater than the highest previously offered price for a good, service, or contract.

"Overbid" Examples

Usage Examples for "Overbid"

The real estate agent advised John to be cautious when making an offer on the property, as he was worried that he might overbid and end up paying too much.
The auctioneer's warning to potential bidders that they risked overbidding if they didn't keep a close eye on the price was met with a mixture of excitement and trepidation.
With a overbid of $10,000, the company's offer on the new office space was significantly higher than the asking price.
To avoid overbidding, the online retailer limits the number of bidding attempts a customer can make on an item.
In the final minutes of the auction, the competition for the vintage car became fierce, and the winning bid was over $50,000, leaving many disappointed buyers in its wake.