underbidder
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a word derived from
underbid.
underbidverb (used with object)to bid less than (another bid) or less than the bid of (another bidder), especially in seeking a contract to be awarded to the lowest bid or bidder; make an offer at a lower price than.
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
The underbidder was ConstitutionDAO, which announced its plan to raise millions of dollars to buy the Constitution on Twitter on Nov. 12.
From Seattle Times ● Nov. 19, 2021
“Rubens’s time has come,” said Mr. Haboldt, an old masters specialist with locations in Paris, New York and Amsterdam, who was the underbidder.
From New York Times ● Jul. 16, 2016
If Bainbridge's reduces the buyer's commission, they could face legal action from any failed underbidder arguing that he could have bid higher with a lower premium.
From The Guardian ● Mar. 18, 2011
Mr Green, an earlier owner, was the underbidder.
From Economist ● Dec. 19, 2009
It was purchased at Sotheby's in July, 1920, by a well-known New York dealer, Mr. G. D. Smith, for ten guineas, the writer of these lines being the underbidder.
From The Book-Hunter at Home by P. B. M. Allan