Is “Bids” a Scrabble word?

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Yes
BIDS
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Bids

/bɪdz/

verb
  1. 1.To issue a command; to tell.

    He bade me come in.

  2. 2.To invite; to summon.

    She was bidden to the wedding.

  3. 3.To utter a greeting or salutation.

noun
  1. 1.An offer at an auction, or to carry out a piece of work.

    His bid was $35,000.

  2. 2.(ultimate frisbee) A (failed) attempt to receive or intercept a pass.

    Nice bid!

  3. 3.An attempt, effort, or pursuit (of a goal).

    He put in his bid for office.

verb
  1. 1.To make an offer to pay or accept a certain price.

    Have you ever bid in an auction?

  2. 2.To offer as a price.

    She bid £2000 for the Persian carpet.

  3. 3.To make an attempt.

    He was bidding for the chance to coach his team to victory once again.