BIDDER - meaning and definition. What is BIDDER
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What (who) is BIDDER - definition

OFFER, OFTEN COMPETITIVE IN NATURE, TO SET A PRICE FOR A PRODUCT OR SERVICE
Bidder; Bidding up; Elective Course Bidding

bidder         
n. the highest; lowest bidder
bidder         
(bidders)
1.
A bidder is someone who offers to pay a certain amount of money for something that is being sold. If you sell something to the highest bidder, you sell it to the person who offers the most money for it.
The sale will be made to the highest bidder subject to a reserve price being attained.
N-COUNT: usu supp N
2.
A bidder for something is someone who is trying to obtain it or do it.
...bidders for two licences to develop cellular telephone systems in Greece.
N-COUNT: usu with supp, oft N for n
Bidder         
·noun One who bids or offers a price.

Wikipedia

Bidding

Bidding is an offer (often competitive) to set a price tag by an individual or business for a product or service or a demand that something be done. Bidding is used to determine the cost or value of something.

Bidding can be performed by a person under influence of a product or service based on the context of the situation. In the context of auctions, stock exchange, or real estate, the price offer a business or individual is willing to pay is called a bid. In the context of corporate or government procurement initiatives, in Business and Law school students actively bid for high demand elective courses that have a maximum seat capacity though a course bidding process using pre allocated bidding points or e-bidding currency on course bidding systems. The price offer a business or individual is willing to sell is also called a bid. The term "bidding" is also used when placing a bet in card games. Bidding is used by various economic niches for determining the demand and hence the value of the article or property, in today's world of advanced technology, the Internet is a favoured platform for providing bidding facilities; it is a natural way of determining the price of a commodity in a free market economy.

Many similar terms that may or may not use the similar concept have been evolved in the recent past in connection to bidding, such as reverse auction, social bidding, or many other game-class ideas that promote themselves as bidding. Bidding is also sometimes used as ethical gambling in which the prize money is not determined solely by luck but also by the total demand that the prize has attracted towards itself.

Examples of use of BIDDER
1. An alternate bidder seemed unlikely, analysts said.
2. If one party to the plan noted that a bidder was acting outside the original agreement, he might activate a "sleeping" bidder to protect his interests.
3. The Leong family was not the highest bidder for seats.
4. Failed bidder Thomson suggested Macquarie had paid too much.
5. The identity of the successful bidder was not immediately known.