best bidglossary / best bid The highest auction bid; in the letting of a contract, the lowest bid by a qualified bidder. [Cases: Auctions and Auctioneers 7. C.J.S. Auctions and Auctioneers §§ 2, 8–17.] 词条贡献者 译者陈鹏,毕业于一所培养高级翻译以及跨文化事务专家的精英大学,擅长翻译各种与诉讼及争议解决相关的法律文件。