Overbid meaning

ō'vər-bĭd'
To outbid (a person) for something, as at an auction.
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To bid more than the value of (one's hand in bridge, for example).
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To bid higher than the actual value of something.
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A bid higher than another bid.
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To outbid (another person)
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To bid more than the worth of (a thing, as one's hand in bridge)
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A higher or excessive bid.
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(intransitive) To make an excessively high offer to pay or accept a price.
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(intransitive, card games) To announce a goal, before starting play, that exceeds the goal actually achieved.
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An excessively high offer to pay or accept a price.
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(card games) The announcement of a goal, before starting play, that exceeds the goal actually achieved.
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Origin of overbid

over- +"Ž bid