Definition of "outbid" []

• To bid higher than: We outbid our rivals at the auction. (verb-transitive)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "Sir William Hamilton, he obtained a chance to take impressions of rare cameos from Italy and Pompeii; later the Duke of Portland, who you may recall outbid him at the sale of the world-famed Portland Vase, allowed him to copy it."
• "The program helps maintain price stability whereby government offers a fixed wage that does not "outbid" the private sector, but simply creates a stabilizing floor and thereby prevents deflation."
• "And as few bidders can be at their computers 24/7, those infuriating 'outbid' notifications soon start adding up."