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Vocabulary Entry
underbid
|verb • noun
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V
verb
To offer a price lower than a competitor's or to bid less than another party in an auction or negotiation.
Example Sentences
"The contractor decided to underbid the other firms to win the contract."
"She underbid her rivals in the real estate market to attract more buyers."
"The auctioneer noted that many participants chose to underbid to avoid high prices."
N
noun
An instance of offering a lower price than another bidder or party.
Example Sentences
"His underbid was successful, as he won the project at a lower cost."
"The company submitted an underbid that surprised many industry experts."
"After reviewing all submissions, the committee favored the underbid as the most economical choice."