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.

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.

Connecticut Water downgraded to Sell from Neutral at UBS

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.