1. to make a bid or offer before the official bidding period begins
Usage: often used in auction or real estate contexts

1. a bid or offer made before the official bidding period
Usage: plural form; commonly used in auction and real estate industries

Examples

• Several collectors prebids on the rare painting before the auction officially opened.
• The real estate agent accepted prebids from interested buyers a week before the open house.
• His prebids were competitive, but he ultimately lost the property to another offer.
• The auction house allows prebids to generate early interest in high-value items.
• She submitted multiple prebids on different lots throughout the week.