Outbid

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Outbid

To make a higher bid than another party. This means the second party will not buy the good or service being bid on unless it in turn makes a higher bid. For example, if Joe bids $10 for an antique desk and Frank bids $12, Frank has outbid Joe. The term is important in the securities trade. See also: Counteroffer.
References in periodicals archive ?
Over the year we have seen private investors outbidding by 100 -150 basis points in some instances on investment product and expect this to continue into next year, providing interest rates remain low and the money markets stable.
5 million for the bankrupt Granada Hills facility, outbidding a company that had plans to keep the hospital open.
Ferguson will have no difficulty outbidding PSG, but winning a head-to-head with Dalglish will be a different matter.
Outbidding two other competitors -- the Hyatt Regency and Wyndham chains -- a group of investors has structured a financial package for the country's first 100% African American-owned hotel, the Royal Palm, projected to open in 1999.
Outbidding various global operators to acquire a 26 percent stake in Pakistan's fixed-line and state-owned incumbent, PTCL, Etisalat now stands the chance of being cut-out from the deal altogether after defaulting on payments due to the Pakistani government.
5 million for the property, outbidding a company that had plans to keep the hospital open.
There has been growing activity by private-equity houses in US, UK and Australia, outbidding public markets for companies or buying up fledgling companies and taking them to IPO themselves.
He calls the effort ``competition'' for state services rather than ``privatization'' because the stated goal is for public employees to keep their jobs by outbidding contractors, which means they would have to accept lower salaries and benefits or require fewer people to get tasks done.
secured the Jimmy Fund name by outbidding his former college roommate, Kerry Konrad, in an ongoing eBay auction the FleetCenter's owners are holding, offering naming rights to the building for a day apiece.
Richard Reinjon drove home in the black on black retro T-Bird Tuesday night after outbidding 53 others, with his closing $67,000 offer.
GVT succeeded in outbidding serious players in the telecommunications industry such as Bell Canada and Qualcomm," commented Gilat Chairman and Chief Executive Officer Yoel Gat.
Hagman beat the Long Beach Fireman's Historical Society's attempt to regain the heirloom in 1994, outbidding the society by a cool $5,000.