Meaning of the word bidder in English

What does bidder mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

bidder

US /ˈbɪd.ɚ/
UK /ˈbɪd.ər/

Noun

a person or group making a formal offer for something, especially at an auction

Example:
The highest bidder won the painting.
There were several bidders for the old house.