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Underbid for Dummies

verb

pronunciation: ,əndər'bɪd

What does Underbid really mean?

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Hey there! So, I heard you want to know what "underbid" means? No worries, I'm here to help you understand it easily. "Underbid" is a word we use when we talk about a situation where someone offers a lower price or makes a lower bid than someone else. It's like when you and your friends are bidding on who gets to eat the last slice of pizza, and one of your friends says they'll pay less than everyone else for it. That's called "underbidding"!

But wait, there's more! "Underbid" can also mean something slightly different. Sometimes, when people are working on a project, they estimate how much it will cost. If someone estimates a lower cost than others, they are said to have "underbid" the project. It's a bit like when you and your friends are estimating how long it will take to finish a puzzle, and you guess a shorter time than everyone else. That's another way to "underbid"!

Now, let's wrap it up with a short recap. "Underbid" means offering a lower price or making a lower bid than others, just like when you want that last slice of pizza for less money than your friends. It can also mean estimating a lower cost than others for a project, kind of like guessing a shorter time to finish a puzzle. Great job understanding the word "underbid"! Keep up the good work!

Revised and Fact checked by Daniel Thompson on 2023-10-29 21:31:50

Underbid In a sentece

Learn how to use Underbid inside a sentece

  • If I go to the store and see that a toy is priced at $20, but I offer to buy it for only $10, then I have underbid the original price.
  • Imagine that you and your friend want to mow people's lawns for money. If your friend says they will do the job for $50, but you say you will do it for $30, then you have underbid your friend.
  • In an auction, if someone starts the bidding for a painting at $500 and you place a bid for only $200, then you have underbid the other person.
  • Let's say your classmates are selling cupcakes for a school fundraiser. One of them is selling a cupcake for $3, but you offer to sell your cupcakes for only $1. In this case, you have underbid the price of your classmate's cupcakes.
  • You want to paint a room in your house, and a professional painter gives you an estimate of $1000. However, another painter comes along and says they will do it for $500. If you choose the second painter, then you have underbid the first painter's price.

Underbid Antonyms

Words that have the opposite context of the original word.

Underbid Hypernyms

Words that are more generic than the original word.

Underbid Category

The domain category to which the original word belongs.