preemptive bid
- noun
- /priˈɛmptɪv bɪd/
- Jargon
- The company made a bold preemptive bid to acquire the smaller firm before any rival could react.
Examples
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Faced with a rival offer, they launched preemptive bids to increase the cost and deter other suitors.
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Investors criticized the preemptive bid as an attempt to block competition in the upcoming auction.
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The company made a preemptive bid to secure the contract.
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Did you hear about the preemptive bids placed in the auction?
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The auctioneer announced a preemptive bid that stunned everyone, stopping other bidders in their tracks.
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By making a preemptive bid on the property, the investors successfully discouraged other potential buyers.
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The team's preemptive bid was strategically placed to prevent their main competitor from entering the bidding war.
Antonyms
How Aggressive
Surface Forms
Morphology
The adjective 'pre-emptive' (acting in advance to prevent something) combined with 'bid' (an offer) yields a straightforward compositional meaning: an early offer made to preclude others. The tactical nuance of being 'aggressive' or intended specifically to block competitors may require context, but a B1 learner who knows the constituents will readily infer the core sense of an early/preventive offer.
Etymology
Preemptive bid comes from the image of someone making an early, strong preemptive bid in an auction to grab control before rivals can react. It is like reaching out and taking the prize first, so it means 'an early offer meant to discourage or block other bidders'.