overbid

American  

[oh-ver-bid, oh-ver-bid] / ˌoʊ vərˈbɪd, ˈoʊ vərˌbɪd /

verb (used with object)

overbid, overbidding

1. to bid more than the value of (a thing).

   to overbid one's cards.

2. to outbid.

   She overbid him for the painting.

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verb (used without object)

overbid, overbidding

1. to bid more than the actual value or worth.

   a tendency to overbid at auctions; to overbid at bridge.

noun

1. a higher bid.

overbid British  

verb

1. (intr) bridge to bid for more tricks than one can expect to win

2. to bid more than the value of (something)

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noun

1. a bid higher than someone else's bid

Etymology

Origin of overbid

First recorded in 1610–20; over- + bid ¹

Example Sentences

“If there are eight answers, he’ll bid eight, rattle off six answers really quickly and then he’s like, ‘Oh no, I overbid.’

From Washington Post • Jul. 20, 2017

Meanwhile, some investors say the firm has often overbid for stakes in hot companies, driving up valuations more broadly.

From The Wall Street Journal • Sep. 1, 2016

Since three would have been a considerable overbid opposite a balancing overcall, she took the cautious route.

From New York Times • Dec. 31, 2014

Oil companies overestimated how much these tracts would produce, overbid to secure them, and thus saw poor returns.

From Time • Jul. 30, 2013

He should, therefore, overbid it whenever he has sufficient strength to justify such action.

From Auction of To-day by Work, Milton C.