Outbid (verb)

To offer more money or a higher price for something than another person or group.

Origin:

The word "outbid" is formed from the prefix "out" which means "more than" and the verb "bid" which means "to offer a certain price for something".

Examples:

1. He was outbid by a wealthy collector for the painting.
2. She outbid all the other bidders for the antique vase.
3. I was outbid on the auction for the rare book.
4. The company outbid its competitors for the contract.
5. He outbid me for the last remaining tickets to the concert.