0 to offer more money than someone in an attempt to buy something, or to offer too much money in an attempt to buy something: --
The Commission felt the company was overbidding and gave the franchise to their competitors instead.
1 to offer more money than someone in an attempt to buy something: --
2 to offer too much money in an attempt to buy something: --
It is possible for a player to "overbid" the hand (inadvertently or not), which leads to an automatic loss of the deal in question.
A double overbid results in neither contestant winning his or her showcase.
Players who underbid or overbid lose the amount of the bid, plus ten points for each trick under or overbid.
If all four contestants overbid, a buzzer sounds before the price is revealed.
Players will thus attempt to trick other players into overbidding by use of early bluffs to inflate a particular face value.
If firms overbid and find themselves overstretched, their inevitable and unavoidable action will be to reduce high-quality production and high-quality broadcasts and turn towards lower, cheaper quality programmes.
They represent a very important, very active, and very valuable portion of the labour classes of the country, but only a portion, and they must not overbid their hand.
There must be a danger that the highest bidder will have overbidded and have insufficient finances left to fund the range and quality of programs received.
