also out-bid, 1580s, "offer a higher price than," from out- + bid (v.). Related: Out-bidding; out-bidden. Middle English had utbidden "to summon (warriors), muster (an army," c. 1300, on the notion of "call out."
out-
out
outage
out-and-out
outback
outbid
outboard
outbound
outbreak
outbuilding
outburst