Definition of bidder

The origin of the word "bidder" can be traced back to the Old French word "estreint" which meant "straining" or "squeezing." The term was used to describe the physical act of placing bids for goods in competitive markets, particularly in the context of auctions. In the 14th century, the word "estreint" was borrowed by Middle English and evolved into "estreen" and "estrain," which eventually transitioned into the modern English word "bidder." Initially, "bidder" referred to any person who made a proposal or offer, both in derogatory and neutral contexts. In the legal world, "bidder" has been used to refer to a person who makes an offer to buy property that is subject to a right of first refusal. The term has also been widely used in finance and commerce to describe individuals or businesses that compete to purchase goods or services at public auctions, government tenders, or private sales. In summary, the word "bidder" derives from the Old French "estreint," which describes the physical act of placing bids during competitive market activities, and has since evolved into its modern English form. Its current usage in various fields, particularly in legal, financial, and economic spheres, demonstrates its enduring relevance in our daily lives.