bid

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bid

n. an offer to purchase with a specific price stated. It includes offers during an auction in which people compete by raising the bid until there is no more bidding, or contractors offer to contract to build a project or sell goods or services at a given price, with usually the lowest bidder getting the job. (See: contract)

bid

noun advance, approach, estimate, licitatio, offer, offered price, overture, presentation, price, proffer, proposal, proposition, quotation, quoted price, submission, tender
Associated concepts: auction sale, bid bond, bid in, bid off, bidder, competitive bidding, proposal, upset bid, with reserve, without reserve
See also: appeal, application, assign, call, command, detail, dictate, direct, endeavor, enforce, enjoin, impose, insist, instruct, invitation, invoke, mandate, offer, order, overture, petition, pray, prescribe, proffer, propose, proposition, request, summon, summons, writ

BID, contracts. A bid is an offer to pay a specified price for an article about to be sold at auction. The bidder has a right to withdraw his bid at any time before it is accepted, which acceptance is generally manifested by knocking down the hammer. 3 T. R. 148; Hardin's Rep. 181; Sugd. Vend. 29; Babington on Auct. 30, 42; or the bid may be withdrawn by implication. 6 Penn. St. R. 486; 8, Id. 408. Vide 0@ffer.

References in classic literature ?
Stables, which bids fair to outshine the old one, on which he has so long rested his colloquial reputation.
My servants were my father's, and, what is more, my mother's; and now they are mine, they and their increase, which bids fair to be a pretty considerable item.
The forthcoming event bids fair to match or overtake the floor space of last year's 3,200 sq m, says Hilal Conferences and Exhibitions (HCE) which reports major sponsors have once again thrown their weight behind the fair, February 4 to 6, Bahrain International Exhibition and Convention Centre (BIECC).
Remote management of secure identity module bids fair to bring more business opportunities to the whole value chain.
whose work it amply acknowledges, Roger Nichols's new book bids fair to be the best-ever biography of Ravel in English.
The author's central thesis is that the Protestant principle of ecclesia semper reformanda harbors a parasite that bids fair to destroy its host.