noun
- bids that are higher than the actual value of something
verb
- bids more than the value or worth of something
- makes a bid higher than another bidder
Examples
- The company consistently overbids on government contracts.
- She overbids at auctions because she gets emotionally attached to items.
- The contractor overbids every competitor by at least ten percent.
- His overbids cost him thousands of dollars last year.
- The auction house warned against overbids on overvalued artwork.
- When he overbids, he usually regrets it later.
- The real estate market is full of overbids from desperate buyers.