Reading Theme:

Language:

Font Size:

📕 rednote ID(小红书号)：3881567312

Bid Definition, Usage & Real-Life Examples (2 meaning)

Meaning 1：offer made at an auction (bid)

bid 🔊

/bɪd/

An amount of money you offer to pay for something, especially in an auction.

Bid meaning illustrated: person making an offer with paddle at a live auction.

offer made at an auction 🔊

➕

/ˈɒfə meɪd ət ən ˈɔːkʃən/

This refers specifically to the amount of money offered to purchase an item, most characteristically within the competitive environment of an auction.

📁 Category：Social Economy 🔖 Level：Intermediate

📘 Details & Usage

📖 Root Explanation

From Old English 'biddan' meaning 'to ask, entreat'. Evolved into offering a price.

💡 Mnemonic

BID: Best I'll Do. In an auction, it's the Best price you're willing to offer.

📖 Example

My friend made the winning bid of $500 for the antique vase at the online auction. 🔊 My friend offered $500 for an antique vase in an online auction, and his bid was the highest, so he won the item.

🔗 Collocations

winning bid – the highest offer that is accepted

opening bid – the first offer made in an auction

sealed bid – a confidential written offer, typically opened at a set time

🔄 Synonyms

offer (n.) – an expression of readiness to pay a specific price

proposal (n.) – a plan or suggestion, especially a formal one

tender (n.) – a formal offer to supply goods or carry out work at a stated price

🚫 Antonyms

ask (n.) – the price a seller is seeking for an item

🌱 Derivatives

bidder (n.) – a person or organization making an offer

bidding (n.) – the process of making offers

📖 Cultural Story

The word 'bid' originates from Old English 'biddan' (to ask, pray, entreat). Its commercial sense of 'offering a price' developed in the late 16th century, central to auction and market culture, formalizing the act of making an offer.

Meaning 2：formal proposal to undertake work (bid)

bid 🔊

/bɪd/

A formal offer to do a job or provide a service for a stated price.

Bid definition: professional preparing a formal business project bid proposal.

formal proposal to undertake work 🔊

➕

/ˈfɔːməl prəˈpəʊzəl tuː ˌʌndəˈteɪk wɜːk/

This is a formal, often written, submission proposing to perform a specific job or provide a service for an agreed-upon price, common in business and government contracting.

📁 Category：Laws & Regulations 🔖 Level：Intermediate

📘 Details & Usage

📖 Example

Our company prepared a strong bid for the new city library construction project. 🔊 Our company created a compelling formal proposal to try to win the contract for building the new city library.

🔗 Collocations

competitive bid – an offer designed to outdo rival proposals

takeover bid – an offer to buy a controlling interest in a company

joint bid – a proposal submitted by two or more parties together

🔄 Synonyms

tender (n.) – a formal, structured offer to supply goods or services at a fixed rate

proposal (n.) – a detailed plan put forward for consideration

application (n.) – a formal request for something, such as a contract

🌱 Derivatives

bidder (n.) – a company or person submitting a formal offer

bidding (n.) – the process of submitting formal offers