Definition of Bid price:
A bid price is a price which is offered for a commodity, service, or contract. It is colloquially known as a “bid” in many markets and jurisdictions. Generally, a bid is lower than an asking price, or “ask”, and the difference between them is called a bid-ask spread. Bids can also be made in cases where the seller is not looking to sell, in which case it is considered an unsolicited offer or unsolicited bid.
Bid price is the amount of money a buyer is willing to pay for a security. It is contrasted with the sell price, which is the amount a seller is willing to sell a security for. The difference between these two prices is referred to as the spread and is a source of profits for traders. Thus, the higher the spread, the more the profits.
Price offered by bidder (contractor, supplier, vendor) for a specific good, job, or service, and valid only for the specified period.
Synonyms of Bid price
Asking price, Bargain price, Bearish prices, Bid, Book value, Bullish prices, Call price, Cash price, Closing price, Controlled price, Current price, Current quotation, Cut price, Decline, Face value, Fixed price, Flash price, Flat rate, Flurry, Flutter, Going price, High, Issue par, Issue price, List price, Low, Market price, Market value, Neat price, Net, Nominal value, Offering price, Opening price, Package price, Par, Par value, Parity, Piece price, Price, Price list, Prices current, Put price, Quotation, Quoted price, Rally, Recommended price, Selling price, Settling price, Stated value, Stock market quotations, Swings, Trade price, Unit price, Wholesale price
How to use Bid price in a sentence?
- Bid price is the highest price a buyer is willing to pay for a security or asset.
- A bid price is generally arrived at through a process of negotiation between the seller and a single or multiple buyers.
Meaning of Bid price & Bid price Definition