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Word: overbid (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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Usage:

...Guerin announced plans to turn over his shares to an amalgam of underground outfits for sale to blacks, poor whites, Indians and Chicanos so that underprivileged citizens could be represented at News stockholder meetings. Envisioning vociferous claques disrupting the normally decorous deliberations, the News quietly offered Guerin a handsome overbid for his 400 shares, and Guerin just as quietly accepted. Both sides profited; Guerin made money and the News kept its closely held stock out of alien hands...

Author: /time Magazine | Title: Press: Short Takes | 7/31/1972 | See Source »

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