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Glite Dictionary
🔁 A second offer 🔁 To offer again
rebid

rebid

5.3
A later offer made after a first bid, for example in auctions or card games
  • noun
  • /ˈriːbɪd/
translation icon : nueva oferta
  • After the initial bidding process failed, the city council decided to schedule a rebid for the construction project.

Examples

  • The GAO upheld their protest, and the project is now in the process of being rebid, nearly a decade after the whole mess began.

    Blog text (18)

  • The auctioneer announced that the rare painting would enter a rebid phase due to the lack of acceptable offers.

  • Many contracts, including those for public services, are often subject to a rebid to ensure the best prices.

Synonyms

bid
vsrebid
232 2.7

An offer of money to buy something, often at an auction

is a later offer made after the first one in auctions or games

Surface Forms

rebid singular
rebids plural

Morphology

rebid = rebid (transparent) = re + bid

The noun is a straightforward conversion from the verb 'rebid' meaning the act or instance of bidding again.

Etymology

The word rebid comes from the prefix re- meaning 'again' and the word bid meaning 'offer'. So a rebid is an 'offer' made 'again', a second or later offer in auctions or card games.