Out·bid v. t. [imp. Outbid or Outbade (░); p. p. Outbid or Outbidden (░); p. pr. & vb. n. Outbidding.] To exceed or surpass in bidding; to bid a higher price.
Prevent the greedy, and outbid the bold. --Pope.
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outbid
v 1: bid over an opponent's bid when one's partner has not bid or
doubled
2: bid higher than others [ant: underbid]
[also: outbidding, outbidden]