by-bidding - meaning and definition. What is by-bidding
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What (who) is by-bidding - definition

Psychic bidding

Bidder         
OFFER, OFTEN COMPETITIVE IN NATURE, TO SET A PRICE FOR A PRODUCT OR SERVICE
Bidder; Bidding up; Elective Course Bidding
·noun One who bids or offers a price.
bidding         
OFFER, OFTEN COMPETITIVE IN NATURE, TO SET A PRICE FOR A PRODUCT OR SERVICE
Bidder; Bidding up; Elective Course Bidding
n.
1.
Command, order, direction, injunction, precept, behest, requisition, mandate, appointment.
2.
Offer (of a price), bid, proposal.
bidding         
OFFER, OFTEN COMPETITIVE IN NATURE, TO SET A PRICE FOR A PRODUCT OR SERVICE
Bidder; Bidding up; Elective Course Bidding
n.
offering of bids
1) to open the bidding
2) competitive; spirited bidding
request
3) to do smb.'s bidding
4) at smb.'s bidding

Wikipedia

Psychic bid

Psychic bid (also psych, pronounced to rhyme with like) is a bid in contract bridge that grossly misstates the power and/or suit lengths of one's hand. It is used deliberately to deceive the opponents. Normally, the psychic bid is made with a weak hand, overstating its overall strength, the length and strength in a particular suit, or both. (The noun is occasionally misspelled as psyche, through confusion with Psyche, a character in a myth concerning Venus and Cupid.)

Examples of use of by-bidding
1. So the government invited all potential users to reveal their preferences by bidding in an auction.
2. But you can beat the celebs by bidding online at www.gosh.org today.
3. He also set minimum bids for winning tenders, and ordered that no contractor could win by bidding low.
4. The Japanese industrialist Ryoei Saito stunned the art world by bidding $82.5m for Portrait of Dr Gachet.
5. Romney snared the prime spot for his tent –– space at the event is auctioned off by the state GOP –– reportedly by bidding $10,000 more than rivals.