Outbid(redirected from outbids)
Also found in: Dictionary, Thesaurus.
Related to outbids: outbidden
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved