[verb] overbidding, past overbid - to offer more money than (someone) in an attempt to buy something, or to offer too much money in an attempt to buy somethingThey were overbid by a Japanese firm. [T]The Commission felt the company were overbidding and gave the franchise to their competitors instead. [I]
OVERBID
Meaning of OVERBID in English
Cambridge English vocab. Кембриджский английский словарь. 2012