bid price
Bid
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
bid price
the price at which a dealer in a FINANCIAL SECURITY (such as a STOCK or SHARE), FOREIGN CURRENCY or COMMODITY (tin, wheat, etc.) is prepared to buy a security, currency or commodity Such dealers usually cite two prices to potential customers, the smaller bid price, and a higher offer price or ‘ask price’ at which they are prepared to sell a security, etc. The difference between the bid and offer price (referred to as the ‘spread’) represents the dealer's profit margin on the transaction. See MARKET MAKER, MIDDLE PRICE.Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
bid price
the price at which a dealer in a FINANCIAL SECURITY (such as a STOCK or SHARE), FOREIGN CURRENCY or COMMODITY (tin, wheat, etc.) is prepared to buy a security, currency or commodity Such dealers usually cite two prices to potential customers, the smaller bid price and a higher ‘offer price’ or ‘ask price’ at which they are prepared to sell a security, etc. The difference between the bid and offer price (referred to as the ‘spread’) represents the dealer's profit margin on the transaction. See MARKET MAKER.Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
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