Definitions for "winning bid"
Keywords:  bid, bidders, plaese, sorry, binding
a bid that is the highest bid on an item, or in the event of a tie, the bid placed chronologically earliest
a bid that meets or exceeds the reserve price and/or starting bid
a bid that meets or exceeds your reserve price, or if there is no reserve price, a bid that meet or exceeds your starting bid
Keywords:  commitment, purchase
a commitment to purchase