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In context of general equities, price at which a security or commodity is offered for sale on an exchange or in the OTC Market.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The lowest price for which a seller is willing to sell some asset. When one makes a buy order, one may order a broker to buy at the ask, which is simply the best price currently available. The difference between the ask and the bid is called the bid-ask spread, which is a key measure of liquidity.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved