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Noun(1) a bid that is higher than preceding bids,(bridge) a bid that is higher than your opponent's bid(especially when your partner has not bid at all and yourbid exceeds the value of your hand)(2) a bid that is higher than preceding bids(3) (bridge) a bid that is higher than your opponent's bid(especially when your partner has not bid at all and yourbid exceeds the value of your hand)
Verb(1) to bid for more tricks than one can expect to win,(2) bid more than the object is worth(3) to bid for more tricks than one can expect to win(4)

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(1) On the other hand, in his determination to secure the property, he may overbid by a margin greater than necessary.(2) Knowledge is power, and that way you won't overbid .(3) Work with a top-flight real estate agent who's seen several business cycles in the area, who can help you understand pricing trends there so you don't overbid .(4) I'd once seen him blithely overbid for a tiny James I miniature portrait(5) Presumably it is legal to expose an identical pair to begin with to make it more difficult for other players to overbid, or to overbid a single card directly with a triple, and so on.(6) But this guy overbid me by something like 50% of my maximum bid.(7) Media hype and too much wine at dinner may lead a wealthy collector to overbid for a work at auction (but there must have been an underbidder).(8) So canny employers are often willing to pay the finest foreign talent even more than they pay local talent - not underbidding for foreign talent, as nativists fear, but often overbidding .(9) u251cu00f6u251cu00e7u251cu2510Now our larger competition is overbidding prices like crazy,u251cu00f6u251cu00e7u251cu00fb he says.(10) However, anecdotal stories are now appearing, suggesting that many people have figured this out, and overbidding for the sake of u251cu00f6u251cu00e7u251cu2510winningu251cu00f6u251cu00e7u251cu00fb is becoming less common.