Dictionary Definition
bid
Noun
2 an attempt to get something; "they made a
futile play for power"; "he made a bid to gain attention" [syn:
play]
3 a formal proposal to buy at a specified price
[syn: tender]
4 (bridge) the number of tricks a bridge player
is willing to contract to make [syn: bidding]
Verb
2 invoke upon; "wish you a nice evening"; "bid
farewell" [syn: wish]
3 ask for or request earnestly; "The prophet bid
all people to become good persons" [syn: beseech, entreat, adjure, press, conjure]
4 make a demand, as for a card or a suit or a
show of hands; "He called his trump" [syn: call]
5 make a serious effort to attain something; "His
campaign bid for the attention of the poor population"
Noun
2 a request to be present; "they came at his
bidding" [syn: summons]
3 (bridge) the number of tricks a bridge player
is willing to contract to make [syn: bid]bidding See bid
User Contributed Dictionary
English
Pronunciation
- Rhymes with: -ɪdɪŋ
Verb
bidding- present participle of bid
Extensive Definition
''Bidding is an offer (often competitive) of setting a
price one is willing to pay for something. A price offer is called
a bid. The term may be used in context of auctions, stock
exchange or card
games.
"Bidding up" means rising a price for an item by
a series of rising bids. It may be unlawful, if done by a group of
persons with an interest in rising the price. In traditional
auctions, bidding up is a natural course of events. Since 1990s,
with the emergence of online
auctions, reverse
auctions gained popularity, in which the traditional roles of
buyers and sellers are reversed, and the goal of bidding is to
drive the price down, similar to bid shopping
practice of selecting a contractor
to do a job.
See also
- Bid price
- Bidding fee scheme
- Construction bidding
- Price war
- Procurement
- Tenders
- Unique bid auction'''
References
Synonyms, Antonyms and Related Words
beck,
beck and call, behest,
bid, biddance, call, calling, calling forth, charge, command, commandment, convocation, demand, dictate, dictation, direct order,
direction, engraved
invitation, evocation,
hest, imperative, indent, injunction, instruction, invitation, invite, invocation, mandate, nod, order, pleasure, preconization, requisition, say-so, special
order, summoning,
summons, will, word, word of command