overbid
verb
over·bid ˌō-vər-ˈbid 
overbid; overbidding
intransitive verb
1
: to bid in excess of value
2
a
: to bid more than the scoring capacity of a hand at cards
b
British : to make a higher bid than the preceding one
transitive verb
: to bid beyond or in excess of
especially : to bid more than the value of (one's hand at cards)
overbid
ˈō-vər-ˌbid
noun 
Example Sentences
Recent Examples on the Web Hopefully, the need to overbid on large deals will diminish and the need for large, nonrefundable deposits will be reduced. 
Ellie Perlman, Forbes, 19 Apr. 2021 The next three years were dominated by battles with the AFL as each league bid — and overbid — for players. Barry Wilner, San Diego Union-Tribune, 18 Oct. 2019 But, a wrinkle in the program’s design allows plans to reap higher revenue from overbidding—while also keeping premiums low. Christopher Weaver, WSJ, 4 Jan. 2019 But, a wrinkle in the program’s design allows plans to reap higher revenue from overbidding—while also keeping premiums low. Christopher Weaver, WSJ, 4 Jan. 2019 In theory, the new tax code could deter buyers from overbidding for a home and therefore eventually bring prices down. Trisha Thadani, San Francisco Chronicle, 2 Nov. 2017
Ellie Perlman, Forbes, 19 Apr. 2021 The next three years were dominated by battles with the AFL as each league bid — and overbid — for players. Barry Wilner, San Diego Union-Tribune, 18 Oct. 2019 But, a wrinkle in the program’s design allows plans to reap higher revenue from overbidding—while also keeping premiums low. Christopher Weaver, WSJ, 4 Jan. 2019 But, a wrinkle in the program’s design allows plans to reap higher revenue from overbidding—while also keeping premiums low. Christopher Weaver, WSJ, 4 Jan. 2019 In theory, the new tax code could deter buyers from overbidding for a home and therefore eventually bring prices down. Trisha Thadani, San Francisco Chronicle, 2 Nov. 2017 Word History
First Known Use
circa 1616, in the meaning defined at intransitive sense 1