bid noun definition in Business deals topic from the Oxford Advanced Learner's Dictionary


 noun: Business deals topic
1 bid (for something) an offer by a person or a company to pay a particular amount of money for something Granada mounted a hostile takeover bid for Forte. At the auction (= a public sale where things are sold to the person who offers the most), the highest bid for the picture was £200. Any more bids? 2 bid (for something) (North American English also) bid (on something) an offer to do work or provide a service for a particular price, in competition with other companies, etc. The company submitted a bid for the contract to clean the hospital.

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