Is “Rebid” a Scrabble word?

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Yes
REBID
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
Invalid

Meaning of Rebid

noun
  1. 1.A second or subsequent (normally higher) bid.

verb
  1. 1.To bid again on something.

  2. 2.To require a new set of bids for.

    We had to rebid the contract when accusations of fraud by other competitors occurred.

  3. 3.To bid a higher value of the current suit.