what is bid
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Bid BID, contracts. A bid is an offer to pay a specified price for an article about to be sold at auction. The bidder has a right to withdraw his bid at any time before it is accepted, which acceptance is generally manifested by knocking down the hammer. 3 T. R. 148; Hardin's Rep. 181; Sugd. Vend. 29; Babington on Auct. 30, 42; or the bid may be withdrawn by implication. 6 Penn.
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Contents: Ask Price vs Bid Price Ask Price vs. Bid Price. When trading stocks, bonds, currencies or other securities, the prices that the buyer and seller deal with are slightly different. A bid price — usually referred to simply as the bid — is the highest price that a buyer (i.e., bidder) is willing to pay for the security.
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Bid Price and Ask Price The ask is opposite of the bid. The ask is the current lowest price at which you could buy. As a rule, you buy it often higher than the ask price. After realize the two terms, we should know another term bid-ask spread.The difference between the bid price and the ask price is called the bid-ask spread. If you would like to sell gold, a broker will offer to buy it for the bid price.And if you would like to buy it, the broker will offer to sell it to you for the ask price. The spread is the broker's profit.he ask is opposite of the bid. The ask is the current lowest price at which you could buy. As a rule, you buy it often higher than the ask price. After realize the two terms, we should know another term bid-ask spread.
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bid Use 'bid' in a Sentence. 1  Always make your opening bid either high or low, and then slowly creep back into a middle ground to get the best price. 2  The man believed that his favorite sports team was the best, so he put a bid in because he thought it would be an easy and fun way to make some extra money.
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- bidirectional (ˌbaɪdɪˈrɛkʃənəl) adj (Computer Science) computing (of a printhead) capable of printing from left to right and from right to left. bi•di•rec•tion•al (ˌbaɪ dɪˈrɛk ʃə nl, -daɪ-) adj. capable of reacting or functioning in two, usu. opposite, directions. [1940–45] bi`di•rec`tion•al′i•ty, n. bi`di•rec′tion•al•ly, adv.
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What does bid in prescriptions mean? Medical Definition of b.i.d. (on prescription) b.i.d. (on prescription): Seen on a prescription, b.i.d. means twice (two times) a day. It is an abbreviation for bis in die which in Latin means twice a day. The abbreviation b.i.d. is sometimes written without a period either in lower-case letters as bid or in capital letters as BID.
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Bid bond A bid bond of amount not above 10% of the contract order total amount is deposited when a contractor, also known as the “supplier or principal, is bidding on a tendered contract. The bid bond prequalifies the principal and provides the necessary security to the owner (or general contractor), also known as the “obligee”.
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What is a 'Bid-Ask Spread' What is a 'Bid-Ask Spread' A bid-ask spread is the amount by which the ask price exceeds the bid price for an asset in the market. The bid-ask spread is essentially the difference between the highest price that a buyer is willing to pay for an asset and the lowest price that a seller is willing to accept to sell it. BREAKING DOWN 'Bid-Ask Spread'
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Bid Whist Online Bid Whist Definitions. 1  Bid After the cards are dealt, each person has one opportunity to say how many - 3, 4, 5, 6, or 7 - tricks or books they think they can make. And, unless s/he is bidding a No Trump, the bidder must also say if his/her bid is Uptown or Downtown.
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Bid Whist 1 The number indicates the number of books above 6 that the bidder's team will contract to win - for example a bid of 5 is a promise to win at least 11 books (6 + 5). As there are 13 books in all, 7 is the highest possible bid.  Uptown (or high) means you intend to name a trump suit, and that high cards will win.
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- What does “Tender on a bid…” mean? [closed] Definition of Tender (on a bid) (via Investopedia): To invite bids for a project, or to accept a formal offer such as a takeover bid. Tender usually refers to the process whereby governments and financial institutions invite bids for large projects that must be submitted within a finite deadline.
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Bid Rigging Bid Rigging. Whenever business contracts are awarded by means of soliciting competitive bids, coordination among bidders undermines the bidding process and can be illegal.Bid rigging can take many forms, but one frequent form is when competitors agree in advance which firm will win the bid.For instance, competitors may agree to take turns being the low bidder, or sit out of a bidding round, or provide unacceptable bids to cover up a bid-rigging scheme.id rigging can take many forms, but one frequent form is when competitors agree in advance which firm will win the bid. For instance, competitors may agree to take turns being the low bidder, or sit out of a bidding round, or provide unacceptable bids to cover up a bid-rigging scheme.
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"""Bid"" Price" Bid. Price. The term bid refers to the highest price a buyer will pay to buy a specified number of shares of a stock at any given time. The term ask refers to the lowest price at which a seller will sell the stock. The bid price will almost always be lower than the ask or “offer,” price.
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bid security bid security. bid security. The deposit of cash, certified check, cashier’s check, bank draft, money order, or bid bond submitted with a bid and serving to guarantee to the owner that the bidder, if awarded the contract, will execute such contract in accordance with the bidding requirements and the contract documents.
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bidding command; summons; invitation: I went there at his bidding. 2. bids collectively, or a period during which bids are made or received: The bidding began furiously. 3. a bid. Idioms.
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Bid price A bid price is the highest price that a buyer (i.e., bidder) is willing to pay for a good. It is usually referred to simply as the bid. In bid and ask, the bid price stands in contrast to the ask price or offer, and the difference between the two is called the bid–ask spread. An unsolicited bid or purchase offer is when a person or company receives a bid even though they are not looking to sell.
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- All Acronyms. BID - Twice A Day [Internet]; April 6, 2017 [cited 2017 APR 6]. Available from: https://www.allacronyms.com/BID/Twice_A_Day.
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- A bid price is the highest price that a buyer (i.e., bidder) is willing to pay for a good. It is usually referred to simply as the bid.. In bid and ask, the bid price stands in contrast to the ask price or offer, and the difference between the two is called the bid–ask spread. An unsolicited bid or purchase offer is when a person or company receives a bid even though they are not looking to sell.
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How do bid-ask prices work in stock trading? Understanding how bid-ask prices work in stock trading is important if you’re getting into investing. Bid price (or just plain “bid”) refers to the maximum price that buyers are willing to pay for a security. Conversely, ask price (“ask”) is the minimum price that sellers want to receive for a security.
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- A bid bond guarantees your bid is accurate and that you will provide a performance bond if you are awarded the job. A performance bond guarantees you will not default on the contract, and that all work will be performed properly.
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- Definitions (3) 1. The highest price any buyer is willing to pay for a given security at a given time; also called bid price. Quoted bid is a maximum price that a market maker will pay for a security. 2. An offer of a specific amount of money in exchange for products and services, as in an auction.
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- Loading the player... A bid price is the price a buyer is willing to pay for a security. This is one part of the bid, with the other being the bid size, which details the amount of shares an investor/trader is willing to purchase at the bid price.
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What is 'Bid and Ask' What is 'Bid And Asked'. A two-way price quotation that indicates the best price at which a security can be sold and bought at a given point in time.The bid price represents the maximum price that a buyer or buyers are willing to pay for a security. The ask price represents the minimum price that a seller or sellers are willing to receive for the security.
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Bid bond A Bid Bond guarantees that the “obligee” will be paid the difference between the principal’s tender price and the next closest tender price. This action is only triggered should the principal be awarded the contract but fails to enter into the contract, as agreed, with the obligee.
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What is 'Bid and Ask' The difference between the bid and ask prices, or the spread, is a key indicator of the liquidity of the asset. In general, the smaller the spread, the better the liquidity. 'Bid and Ask' is also known as 'Bid and Offer'.
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What is 'Ask'? BREAKING DOWN 'Ask'. This is the opposite of bid, which is the price a buyer is willing to pay for a security, and the ask will always be higher than the bid. The terms bid and ask are used in nearly every financial market in the world covering stocks, bonds, currency and derivatives. An example of an ask in the stock market would be $5.24 x 1,000 which means that someone is offering to sell 1,000 shares for $5.24. RELATED TERMS.