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Meaning of overbid

o•ver•bid

Pronunciation: (v.ō"vur-bid'n.ō'vur-bid"), [key]
— v., n. -bid, -bid•ding,
—v.t.
  1. to bid more than the value of (a thing): to overbid one's cards.
  2. to outbid: She overbid him for the painting.
—v.i.
  1. to bid more than the actual value or worth: a tendency to overbid at auctions; to overbid at bridge.
—n.
  1. a higher bid.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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