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Underbid - Meaning, Definition & English Examples

Underbid means to offer a lower price or bid than someone else, especially in an auction or competitive situation. It can also imply submitting a bid that is too low to be profitable.

underbid

/ˌʌndərˈbɪd/ /ˌʌndəˈbɪd/

Definition:

To bid lower than someone else, especially in an auction or competition.

Synonyms:

undercut, outbid, lowball

Part of Speech:

verb, noun

Antonyms:

overbid, outbid

Common Collocations:

auction bid, contract bid, competitive bid

Derivatives:

underbidding, underbidder

Usage Tips:

Use 'underbid' when describing a lower offer in auctions or business deals to gain an advantage.

Common Phrases:

underbid the competition, underbid a project, underbid oneself

Etymology:

Derived from 'under-' (below) + 'bid' (offer), first used in the 19th century in auction contexts.

Examples:

  • 1. She decided to underbid her rival to win the contract.
  • 2. The contractor underbid the project but later regretted it due to hidden costs.
  • 3. In the auction, he underbid everyone and secured the painting cheaply.
  • 4. They warned him not to underbid himself when negotiating salaries.

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