[v. oh-ver-bid; n. oh-ver-bid]
verb (used with object), overbid, overbidding.
to bid more than the value of (a thing): to overbid one's cards.
to outbid: She overbid him for the painting.
verb (used without object), overbid, overbidding.
to bid more than the actual value or worth: a tendency to overbid at auctions; to overbid at bridge.
a higher bid.

1610–20; over- + bid1

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
vb , -bids, -bidding, -bid, -bidden, -bid
1.  (intr) bridge to bid for more tricks than one can expect to win
2.  to bid more than the value of (something)
3.  a bid higher than someone else's bid

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
Second, it creates an incentive to overbid in future.
He will get overbid or drafted too early, and produce far less than expected.
The sale is subject to court approval and overbid as described below.
One hour will be given to secure additional money if properties are overbid
  date of sale.
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