Asked to bid/offer

Asked to bid/offer

Used in context of general equities. Usually a seller (buyer) looking to aggressively sell (buy) stock, usually asking for a capital commitment from an investment bank.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Asked to Bid/Offer

A situation in which a seller or buyer of a security has solicited a potential buyer or seller. When an investment bank is asked to bid/offer, the potential seller/buyer asks for money as a surety. See also: Bid-ask spread.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved