From Longman Dictionary of Contemporary Englishoverbido‧ver‧bid /ˌəʊvəˈbɪd $ ˌoʊvər-/ verb (past tense and past participle overbid, present participle overbidding) 1 [intransitive + for]BBT to offer too high a price for something, especially at an auction2 [intransitive, transitive]DGC to offer more than the value of your cards in a card game such as bridge→ See Verb tableFrom Longman Business Dictionaryoverbido‧ver‧bid1 /ˌəʊvəˈbɪdˌoʊvər-/ verb (past tense and past participle overbid, present participle overbidding) [intransitive]COMMERCE to offer too much for somethingoverbid forSeveral TV companies who may have overbid for licences are now in financial trouble.→ See Verb tableoverbido‧ver‧bid2 /ˈəʊvəbɪdˈoʊvər-/ noun [countable] an offer that is more than someone else offers, or that is too highan overbid of £5000
