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bid - WordReference English dictionary, questions, discussion and forums. All Free.
Bid definition: To utter (a greeting or salutation). at an auction, to bid more than the best offer on one's own property in order to keep it
The bid price is usually also quoted with the amount of the asset which the buyer is prepared to buy. Bid is the opposite to ask and both terms are used in almost every single financial market across all asset classes and it is given in the format '(price) for (quantity)'. An example of a bid is: “$5 for 50”
The bid price and ask price is defined by the market, as opposed to any specific individual or organisation. Effectively, it is the market forces of supply and demand. Whenever demand outstrips supply, the bid and ask price of an asset will move steadily upwards.
bid (something) (for something) I bid £2 000 for the painting. bid (against somebody) (for something) We wanted to buy the chairs but another couple were bidding against us. Two dealers bid against each other for the antique table.
Mar 20, 2024 · A bid is a fundamental concept that underpins various economic activities, from market transactions to project contracts. It represents an offer made by an individual, company, or entity to acquire a particular asset or secure a project opportunity.
A person's bidding is what he or she tells you to do for them. You do your brother's bidding when he asks you to bring him his shoes and you comply.
