bid down
C1 formal separable transitive
In simple words
To make the price of something go down by offering lower and lower amounts in a competition.
Literal meaning: To bid in a direction that is downward (i.e., lower).
Meanings
1 C1 formal
To cause a price to fall by placing bids or offers at progressively lower amounts.
"Competition among suppliers bid the contract price down well below the original estimate."
Grammar: separable
Usage notes
Used in business, finance, and auction contexts. Often used in the passive: 'prices were bid down'. Opposite of 'bid up'. More common in written financial journalism than in everyday speech.
Commonly used with
price wages cost value contract shares
Forms
Base
bid down
I/you/we/they
3rd person
bids down
he/she/it
Past simple
bided down
yesterday
Past participle
bided down
have + pp
-ing form
biding down
continuous
Understand "bid down" better
Try:
Real video examples
Video examples are being collected. Check back soon.
Want to master this phrasal verb?
Practice "bid down" on Looplines