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
Reducing the buyer's premium after the sale would put the underbidder at a disadvantage.
From The Guardian ● Mar. 18, 2011
Young Mr Noortman, the underbidder who was trying to buy the picture for stock, did not stand a chance.
From Economist ● Dec. 15, 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 Allan, P. B. M.