top a bid

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Top a Bid

To make a bid for a security or other asset higher than the previous one. See also: Auction.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

top a bid

To make a bid higher than the prevailing bid.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
He believes a topping bid is unlikely given the 33% premium the offer price represents.Further, the analyst notes that his research suggests around 30% of announced electric utility merger transactions fail to close.
But now they have decided to go for Akinbiyi, topping bids by Wolves, Birmingham and Nottingham Forest - and leaving Collymore facing the prospect of having to rot at Villa.