Outrageously Funny Word Dictionary :: Prebidding

👉 In the context of bidding and auctioning, "prebidding" refers to a process where an agent or bidder submits their bid for a specific item or service. This is typically done before the official closing date for the auction, allowing any interested parties to submit their own bids in anticipation of receiving a final offer from the seller. The purpose of prebidding is to provide potential bidders with an opportunity to make their bid and potentially influence the outcome of the auction process. It can also be

prebidding