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overbid
I. overbid o‧ver‧bid 1 [ˌəʊvəˈbɪd ǁ ˌoʊvər-] verb overbid PTandPP overbidding PRESPART [intransitive] COMMERCE
to offer too much for something:
overbid for

• Several TV companies who may have overbid for licences are now in financial trouble.

  [m0] II. overbid o‧ver‧bid 2 [ˈəʊvəbɪd ǁ ˈoʊvər-] noun [countable]
an offer that is more than someone else offers, or that is too high:

• an overbid of £5000

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overbid UK US /ˌəʊvəˈbɪd/ verb [I or T] (overbidding, overbid, overbid) FINANCE
to offer more money than someone in an attempt to buy something: »

They were overbid by a Japanese firm.

to offer too much money in an attempt to buy something: »

The Commission felt the company were overbidding and were not sure that they could raise the cash.

Compare UNDERBID(Cf. ↑underbid)

Financial and business terms. 2012.