Hit the bid

Hit the bid

A dealer who agrees to sell at the bid price quoted by another dealer is said to "hit" that bid. Antithesis of take the offer.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Hit the Bid

To agree to sell a security at a previously quoted bid. This term is often used when one dealer sells to another. It is the opposite of the term, "take the offer."
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Earlier, it was set to be the renewal of rivalry between the David Hayes-trained Faatinah and Darren Bunyan's Hit The Bid in the EGA Billets Trophy, with the latter looking to avenge the defeat on the opening night of the Carnival.
NEWBURY: 1.15 London Eye, 1.45 Commander Cole, 2.20 Young Rascal, 2.55 True Mason, 3.30 HIT THE BID (NAP), 4.05 Solid Stone, 4.40 Seafarer, 5.15 Bertog.
DARREN BUNYAN'S decision to pitch Hit The Bid quickly back into action can pay dividends in the Dubai International Airport World Trophy Stakes at Newbury.
That feat may be beyond him, however, and the two who appeal most are courseand-distance winner HavanaGrey and Hit The Bid.
Patrick Prendergast's charge has been a model of consistency at Dundalk and has been performing creditably on turf in recent weeks, running a cracker to finish second to Hit The Bid in a listed race in Cork before finishing a close seventh behind Tithonus in the Curragh Rockingham.
| Trainer Darren Bunyan does not want to see any more rain at Chantilly as Hit The Bid vies for Group Two honours in the Prix du Gros-Chene today.
Trainer Ian Williams, quietly but effectively producing the right results at his Alvechurch mixed yard, can continue his good start to the NH season with Super Sharp (3.20) and Hit The Bid (3.50) adding to their successes at Fontwell on Tuesday.
CURRAGH trainer Darren Bunyan will break new ground next month when his star sprinter Hit The Bid will become his first runner in Dubai at the upcoming carnival.
She prevailed by a neck over Butterflies and, earlier in the day, Leigh Roche, above, and Darren Bunyan won the Listed Midsummer Sprint Stakes with Hit The Bid.
Take Cover (David Allan, far side) wins the Listed Mercury Stakes from Hit The Bid at Dundalk on Friday; 2.
"That doesn't mean you're going to make a decision that PS75million, bang you hit the bid.