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.
Leeds are trying to nick Spurs target Raymon Vega from Cagliari - outbidding Tottenham who have lodged pounds 2.
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.
He added that political outbidding by anyone is unacceptable.
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 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.
FILE - Egyptian Natural Gas Holding Company (EGAS) CAIRO -- 23 January 2018: "Egyptian Natural Gas Holding Company (EGAS) is planning to issue an international outbidding to explore natural gas and crude oil in the Mediterranean Sea and the Land of the Nile Delta, in H2 of 2017/2018," Chairman of EGas Osama al-Bakly said at the general assembly meeting of EGas.
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.