1. to bid or make an offer before the official or scheduled bidding period begins
Usage: chiefly used in auction, real estate, and online marketplace contexts

Examples

• Buyers can prebid on the property before the auction officially opens next week.
• She decided to prebid on the vintage painting to secure her interest early.
• The online auction platform allows collectors to prebid up to 48 hours in advance.
• He prebid on several items during the estate sale preview period.
• Investors often prebid on commercial real estate listings to express serious intent.