Definition of outbid verb from the Oxford Advanced American Dictionary

 

outbid

 verb
verb
NAmE//ˌaʊtˈbɪd//
 
outbid somebody (for something)Verb Forms present simple I / you / we / they outbid
 
he / she / it outbids
 
past simple outbid
 
-ing form outbidding
 
 
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to offer more money than someone else in order to buy something, for example at an auction
See the Oxford Advanced Learner's Dictionary entry: outbid