What is another word for overbid?
Pronunciation: [ˌə͡ʊvəbˈɪd] (IPA) 
Overbid is a term used in auctions when a bidder places a bid that is higher than the current bid or the item's actual value. There are several other terms that are synonymous with overbid, such as outbid, overpay, overspend, and surpass. Outbid refers to the act of placing a higher bid than someone else, while overpay and overspend imply paying more than the item's worth. Surpass, on the other hand, means to excel or exceed, which can also apply to bidding when one places a bid far beyond what others think is reasonable. All these words imply a high level of competition and eagerness to win.
