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.
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References in periodicals archive ?
Real Madrid boss Jose Mourinho has admitted Manchester City are "dominant in the market" after outbidding the Spanish giants to sign Serbia full-back Aleksander Kolarov.
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.
"Now there is such a high demand that buyers are outbidding each other." Many Asian cultures believe the gallstones have healing properties, especially for 'flu and other fevers.
One2One, Britain's smallest mobile operator and part of Deutsche Telekom, bid pounds 2.45 billion for licence E, outbidding its bigger UK rival, Orange.
The announcement came just one week after BT launched a friendly take over bid worth almost Euro 2.5 billion for Ireland's second telecommunications operator, Esat, outbidding the Norwegian group Telenor.
After overcoming Chilean regulators's concerns and outbidding rival Duke Energy, Endesa Spain closed a deal in May to acquire control of Chilean public utility Empresa Nacional de Electricidad, also known as Endesa Chile.
Miller has the highest offer on the table with pounds 86million - 175p a share - outbidding a pounds 78million, 165p per share offer from CALA management.
Leeds are trying to nick Spurs target Raymon Vega from Cagliari - outbidding Tottenham who have lodged pounds 2.5million.
CAIRO -- 6 February 2018: Egyptian Natural Gas Holding Company (EGAS) intends to issue an international outbidding to explore natural gas and crude oil in 11 concession areas during the first half (H1) of the current year, an EGAS official told Al-Shorouq newspaper.
NNA - Deputy Boutros Harb held March 8 responsible for hindering the holding of forthcoming legislative polls on schedule, saying these forces are still proceeding with their electoral outbidding.
Vinod won the prize by collecting vouchers printed in the Chronicle and then outbidding rivals in our virtual auction
Smart, signing the docket after outbidding Lady O'Reilly's stud manager James Kelly, said: 'This one is for Charlie Bond and he's a lovely, big horse and a smashing individual.'