overbid /ˌəʊvəˈbɪd/verb 3/ˈəʊvəˌbɪd/ noun 2forms 2 verb3 •To make an excessively high offer to pay or accept a price. •To announce a goal, before starting play, that exceeds the goal actually achieved. •To outbid. overbid /ˈəʊvəˌbɪd/ noun2 •An excessively high offer to pay or accept a price. •The announcement of a goal, before starting play, that exceeds the goal actually achieved. formsoverbidding · overbids