Hit the bid

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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