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WordNet-Online
Definitions from WordNet | ||||
Definitions from the WebPreemptive BidNoun: A preemptive bid refers to an aggressive bid made in an auction or competitive situation, with the intention of discouraging other potential buyers or competitors from making their own bids. Example sentence: In order to secure the highly sought-after artwork, the collector placed a preemptive bid that was significantly higher than the starting price, hoping to deter any other potential buyers. Related products: If you are interested in auctions and bidding strategies, you might find these products useful: | ||||
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