overbid overbid

Definition(s):

  1. (n) a bid that is higher than preceding bids
  2. (n) (bridge) a bid that is higher than your opponent's bid (especially when your partner has not bid at all and your bid exceeds the value of your hand)
  3. (v) to bid for more tricks than one can expect to win,
  4. (v) bid more than the object is worth

Usage(s):

  1. This has led to speculation in the economics blogosphere that banks might game the program by conniving with investors to overbid for assets.
  2. This time her partner, a young man unacquainted with her past, overbid.
  3. In their place is a new generation who overbid their competitors in efficiency, of which Henry Ford is an example.

News

  • Sound Off: How do I avoid asking too much for my home?

    Sound Off: How do I avoid asking too much for my home? In a market where multiple offers have become commonplace, some sellers worry about overpricing their properties, while others think they can ask for any price and it will get overbid. The reason for this is because we have many qualified and eager buyers looking for homes but not enough sellers with property on the market to satisfy demand ...
    on July 6, 2013     Source: San Francisco Chronicle

Quotes

  1. Freeman, who won an Oscar for his role in Million Dollar Baby, said he hoped "people will overbid" for a good cause.
    on Mar 27, 2006 By: Morgan Freeman Source: Sydney Morning Herald

  2. "I don't consider that I have overbid for Corus. We have paid more that what we initially wanted to pay - that we offered in October. And that would have been the price at which we took Corus. Then we had a competitor who came in and between him and...
    on Feb 2, 2007 By: Ratan Tata Source: CNN-IBN

  3. Sir Richard said: "We want to be sure there are no deals done behind closed doors. The people that bid for this rail franchise knew the risks and, if they overbid, that is their mistake. If they get into difficulty, the franchise should be put up...
    on Feb 25, 2009 By: Richard Branson Source: Times Online

Word of the Day
engender engender
/ɛn ˈdʒɛn dər /