English version


From Longman Business Dictionaryunderbidun‧der‧bid /ˌʌndəˈbɪd-ər-/ verb (past tense and past participle underbid, present participle underbidding) [transitive]COMMERCE to offer a lower price for something than someone else, for example in an AUCTION (=when the buyer offering the highest price obtains the thing being sold)We applied for the tender but were underbid by another company.
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