best bid

Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.
Related to best bid: Best Ask


1. An offer by an investor to buy a security.

2. The highest price a potential buyer is willing to pay for a security. See also: Ask, Bid-ask spread.

best bid

The highest price that is being offered to purchase a security.
References in periodicals archive ?
They are decided by lobbying and personal preference - and it may not necessarily be the best bid that gets it.
In the US this problem has been solved by a national best bid and offer price mandated by the Securities and Exchange Commission (SEC).
If you have the best bid, the best bid should win it, at least that's the theory.
The auction closes at 8pm on Monday - so far the best bid is pounds 1,650.
However, there is no evidence that residents have been overcharged or that city officials didn't take the best bid.