bid

noun B2

Meaning

A bid is an offer made by an individual or organization to pay a specific amount for something, often in the context of auctions or competitive tenders.
💡 A common mistake is to confuse "bid" with "offer," as a bid typically implies a formal process, especially in auctions.

Example Sentences

Did you hear about the highest bid at the auction ?
His bid for the contract was higher than expected .

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