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 ?
In the end, the "Fight Club " actor was outbid by a gala-goer who ended the auction at USD 1,60,000.
Yet had they outbid the Americans they'd have been accused of wasting the taxpayers' money.
Tokyo: Daiichi Sankyo believed it had scored a coup in 2008 when it outbid rivals to buy Indian generics giant Ranbaxy for $4.6 billion but its foray into the high-growth copycat drugs arena has brought the Japanese drugmaker only pain.
Trainer Tom George, bidding through agent David Redvers, outbid first Lucinda Russell and then French agent Nicolas de Watrigant for another jumping prospect in Jeremy Noseda's smart Brighton maiden winner Rocky's Pride, who realised 67,000gns.
"One unlucky bidder was Ronnie McDonnell, an Irish antique dealer who was so upset at the outbid that he decided to build one himself - it was felt if it was done once it could be done again.
Scott harrison's return to the ring to defend his WBO featherweight title following personal problems will be staged on home turf after promoter Frank Warren outbid secured rights to stage the fight last night.
And An Nie found herself outbid amid fierce competition for the Chinese items from Milbourne.
This allowed Chinese metalcasters to easily outbid and outsell U.S.
Toll outbid Trump, who tried to buy back the property he lost last year as part of a bankruptcy reorganization agreement, reports the Courier-Post of Cherry Hill, N.J.
The buyer, computer salesman Richard Gerrard, from near Chester, outbid two other beach lovers to snap up the plot, then said: "I'm probably a bit mental Last year a corrugated iron house at Aberdaron was sold for more than pounds 90,000.
Mansueto reportedly outbid The Economist Group for the two magazines with his willingness to continue publishing "Fast Company" the determining factor.
When financing fell through for the developer who initially won the bid, Peebles' investment group outbid two other firms.