preemptive bid

Also found in: Thesaurus, Legal, Wikipedia.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.preemptive bid - a high bid that is intended to prevent the opposing players from bidding
bidding, bid - (bridge) the number of tricks a bridge player is willing to contract to make
References in periodicals archive ?
The Washington Post surmised that in releasing the map, the Israel Defense Forces was making a preemptive bid to dispel condemnation of any future Israeli attacks on civilian areas marked in the map.
I offered a plan of action that may have also appeared extreme: Submit a preemptive bid at a premium to the anticipated price.
The inflated egos probably harbor a secret desire to someday claim they took part in jogging the very hand of God by making a preemptive bid over His sovereignty.
Also, it is important to note that any time during this process a bidder might make a preemptive bid to short-circuit the sale.
The company was criticized for making a preemptive bid on the Chronicle, which had been put up for sale by the heirs of its founders after they decided that they wanted to liquidate their entire mini media empire (three newspapers, three TV stations, a web site and a book publisher).
Sturner also has also been called a master of the preemptive bid, a maneuver in which a buyer tries to win a building mid-auction by offering a price higher than competing bidders but perhaps less than what the property would trade for if its price were to be bid up in the auction's later rounds by competing buyers.