Used in the context of general equities. Hierarchy of choices concerning price and volume of bids or offers proposed to a customer (e.g. Menu of offerings to a customer buyer - a) 10m @ 24 1/4; b) 25m @ 24 1/2; or c) 50m @ 24 3/4).
The bids and offers available to an investor, arranged according to price and quantity. This helps the investor or his/her broker make decisions according to one's investment goals and what can currently be done.