Underbid
(verb)
- To make an offer for something at a lower price than someone else.
- To bid less than the actual or expected value of something, often resulting in a missed opportunity.
Origin:
From 'under-' meaning less than or inferior to and 'bid' meaning to offer or propose a price.
Examples:
- The buyer underbid the asking price for the house, hoping to negotiate a lower price.
- The company underbid its competitors for the construction project, offering a lower price and winning the bid.
- The art collector regretted underbidding on the painting, which ended up selling for a much higher price at the auction.
- The investor underbid on the stock, but it quickly rose in value, causing him to miss out on a good opportunity.
- The contractor underbid the cost of the project, but soon discovered that the actual expenses were much higher than anticipated.