Pronunciation: [mˈɔː bˈɪd] (IPA) 
The spelling of "more bid" can be a bit confusing to those unfamiliar with phonetic transcription. The word is commonly pronounced as /mɔːr bɪd/, with two syllables and a long "o" sound in "more." However, the spelling of "more" can also be pronounced with a short "o" sound, as in /mɔːr/, which might throw off some spellers. In any case, "more bid" refers to a higher offer in an auction or bidding process.
"More bid" is a term used in the context of auctions and bidding processes. It specifically refers to a situation where a person submits a higher offer or price for an item or service being auctioned, surpassing the previous highest bid. In essence, it denotes an increased monetary value proposed as a bid for acquiring an auctioned item.
In the realm of auctions, bidding typically occurs between multiple individuals or entities interested in acquiring a particular item. Each participant submits a bid, which represents the monetary amount they are willing to pay in order to secure the item. As the process continues, participants may raise their bids successively to outbid others.
When someone places a "more bid," it means they are offering a higher sum compared to the previous highest bid. This action sets a new benchmark, enticing other bidders to either exceed that value or withdraw from the auction. By employing a "more bid," a participant signals their desire to obtain the item by presenting a competitive offer.
The concept of "more bid" encompasses the central dynamics of bidding, which revolves around the notion of increasing offers progressively until a final highest bid ultimately wins the auction. This process actively engages participants in a competitive environment, resulting in the determination of the highest bidder and the allocation of the item to that individual.
