Bid

Definition

Bid is both a noun and a verb. As a noun, it refers to an offer made, often in a competitive setting, to buy or acquire something. As a verb, it means to offer a price or proposal in a negotiation or auction.

Parts of Speech

• Noun
• Verb

Pronunciation

American English

• IPA Pronunciation: /bɪd/
• Respelling: BID

British English

• IPA Pronunciation: /bɪd/
• Respelling: BID

The pronunciation of "bid" is the same in both American and British English.

Etymology

The word "bid" originates from the Old English "biddan," meaning "to ask" or "to request." Over time, it evolved to signify making an offer in a transaction or competitive situation, particularly in auctions.

Derivatives

• Bidding (noun/verb)
• Bidder (noun)
• Outbid (verb)
• Overbid (verb)
• Rebid (verb)

Synonyms

• Offer
• Propose
• Attempt

Antonyms

• Withdraw
• Reject
• Decline

Usage

The term "bid" is used in both commercial and competitive contexts. For example, "He placed a bid on the painting," or "The company made a bid to acquire the smaller firm." It is common in auctions, real estate, and business transactions where offers are made in a competitive or formal manner.

Related Terms

• Offer: A proposal to buy or sell something.
• Proposal: A formal suggestion, often in business contexts.
• Negotiation: The process of discussing terms to reach an agreement.

Detailed Definitions

Noun

• An offer or proposal in a competitive setting: Refers to an attempt to acquire something through a formal or competitive process, often involving a price.
  • Example: "The highest bid won the auction."

Verb

• To offer a price in a competitive setting: Describes the act of making an offer, especially in auctions or negotiations.
  • Example: "She bid $500 for the antique vase."
• To attempt or compete for something: Refers to the act of striving to achieve or win something.
  • Example: "The candidate bid for the position with confidence."