GNU Collaborative International Dictionary of English
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Found one definition
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Compete (?), v. i. [imp. & p. p. Competed; p. pr. & vb. n. Competing.] [L. completere, competitum; com- + petere to seek. See Petition.] To contend emulously; to seek or strive for the same thing, position, or reward for which another is striving; to contend in rivalry, as for a prize or in business; as, “tradesmen compete with one another”.
[1913 Webster]
The rival statesmen, with eyes fixed on America, were all the while competing for European alliances. Bancroft.
[1913 Webster]