Pronunciation: [a͡ʊtbˈɪd] (IPA) 
The word "outbid" is spelled as /aʊtˈbɪd/ in IPA phonetic transcription. The spelling of this word is derived from its pronunciation. It is pronounced with a diphthong /aʊ/ at the beginning, which is followed by the consonant cluster /t b/. The vowel in the second syllable is pronounced as /ɪ/ and the word ends with the dental consonant /d/. "Outbid" means to make a higher offer than someone else in a competitive bidding process.
The term "outbid" is primarily used as a verb and refers to the act of offering a higher price or a more valuable proposition in order to surpass someone else's bid in an auction or competitive situation. When individuals or entities participate in an auction or bidding process, they submit an offer or bid to acquire a particular item or secure a contract. If someone outbids another participant, it means they have submitted a higher bid that exceeds the previous offer made by someone else, thereby taking the lead in terms of monetary value.
To "outbid" can also extend beyond the context of auctions and bidding, encompassing various competitive scenarios. In these instances, it signifies surpassing or surpassing someone else's proposition or opposing team by providing a more attractive or enticing offer. This can occur in professional and business settings like contract negotiations, grant applications, or tender processes, where parties submit bids or proposals. By outbidding their competitors, individuals or organizations can guarantee a successful outcome or secure a more favorable position.
The concept of "outbid" revolves around the idea of exceeding, surpassing, or overshadowing the competing offer, whether it is in monetary value or a more advantageous proposition. The term is commonly used in financial and economic contexts, as well as in various competitive situations where bids, offers, or proposals are involved.
To bid more than another.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
The word "outbid" is derived from the combination of two English words: "out" and "bid".
The term "out" has its roots in Old English, where it was spelled as "ūt" and meant "outside" or "away from". Over time, "out" acquired several meanings, including "exterior" and "beyond".
On the other hand, "bid" comes from Middle English and is an alteration of the Old English word "byddan", which meant "to offer" or "to command". From there, "bid" evolved to specifically refer to the act of offering a price at an auction or sales event.
When "out" and "bid" are combined, the resulting word "outbid" refers to the act of surpassing or exceeding someone else's bid, typically by offering a higher price at an auction or similar competitive context.
