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.
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.