What does preemptive bid mean?
Definitions for preemptive bid
pre·emp·tive bid
This dictionary definitions page includes all the possible meanings, example usage and translations of the word preemptive bid.
Princeton's WordNet
preemptive bid, pre-empt, preemptnoun
a high bid that is intended to prevent the opposing players from bidding
ChatGPT
preemptive bid
A preemptive bid is a strategic move made in auction-based games, especially in contract bridge, where a player makes a high bid in the early stage of auction to shut out or obstruct the opponents' bidding process. This technique is often employed not because the player expects to win the bid, but to prevent the opponents from reaching more accurate or profitable contracts. Similarly, in business and finance context, a preemptive bid is an offer made to purchase a company or assets before it is made available for others to bid on, often to avoid a bidding war or competition.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of preemptive bid in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of preemptive bid in Pythagorean Numerology is: 9
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"preemptive bid." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/preemptive+bid>.
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