Definition of "overbid" []

• To outbid (a person) for something, as at an auction. (verb-transitive)
• Games To bid more than the value of (one's hand in bridge, for example). (verb-transitive)
• To bid higher than the actual value of something. (verb-intransitive)
• A bid higher than another bid. (noun)

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.

• "a compromise, a "modified Vickrey" where if the overbid is more than $10, the winning team would get the player for the cost of the second-highest bid, plus"
• "Whether this persistent "overbid" in implied volatility will continue depends entirely on the risk appetites of traders and on the ability of the market to stay calm and gleeful - an increase in days like Wednesday and Thursday of last week would make options prices more nearly fairly valued."
• "And it would also decrease U.S. imports from other countries (as Chinese consumers overbid us more often), and increase U.S. exports to other countries (as we underbid Chinese producers more often)."