bid

An expression indicating a desire to buy a commodity at a given price, opposite of offer. Chicago Board of Trade glossary
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The request to buy a futures contract at a specified price; the opposite of offer. The CENTER ONLINE Futures Glossary
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The trading price acceptable to a prospective buyer of securities. American Banker Glossary
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The price a potential buyer is willing to pay for a security. Sometimes also used in the context of takeovers where one corporation is bidding for (trying to buy) another corporation. In trading, we have the bid-asked spread which is the difference between what buyers are willing to pay and what sellers are asking for in terms of price. Bloomberg Financial Dictionary
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The price that the market participants are willing to pay. Chicago Mercantile Exchange Glossary
bid (or buy)
An offer to buy a specific quantity of a commodity at a stated price. The price that the market participants are willing to pay. Chicago Mercantile Exchange Glossary
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The price at which a trader or market maker is willing to buy. NYSE Euronext Glossary

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I. bid bid 1 [bɪd] noun [countable]
1. FINANCE COMMERCE a price offered to buy something such as goods, property, shares, or bonds:

• bids from buyers in the auction rooms

• Bids for the bonds totalled M$2.26 billion.

• Its shares were quoted yesterday at a bid price of 31 cents a share.

ˈcabinet bid
FINANCE TAX the sale of an investor's out-of-the-money option for one penny in order to reduce the amount of tax they have to pay
ˌclosed ˈbid COMMERCE
a situation in which people or companies make offers for something without knowing how much the others are offering. The seller then chooses the best offer:

• The US government awarded the contracts through a closed bid.

ˌopen ˈbid COMMERCE
when possible buyers are invited to offer a price for something, with no restrictions on who can make an offer:

• The enterprises will be sold through open bids.

2. also ˈtakeover bid FINANCE an offer by one company to buy another, or the value of this offer:

• Itmade a bid for the company at C$23.50 a share.

• The football club accepted a £24 million takeover bid from Soccer Investments.

• Its directors rejected the offer, saying the bid price significantly undervalues the company.

ˈcash bid FINANCE
a takeover bid in which the buyer offers to pay shareholders of the company they are buying in cash:

• Hanson launched a hostile £780m cash bid for the company.

conˈditional bid FINANCE
a takeover bid which is based on certain conditions, for example the buyer must have been able to buy the majority of the shares:

• The department store chain has rejected a £520m conditional bid from Philip Green, the retail entrepreneur.

ˈcounter bid also counter-bid FINANCE
a bid that is higher than a previous bid, for example when more than one company is trying to take control of another company:

• There have been several bids and counter bids for the firm.

ˈfriendly bid FINANCE
a takeover bid that is wanted by the company that the bid is for
ˈhostile bid FINANCE
a takeover bid that is not wanted by the company that the bid is for:

• The company fought off a hostile bid from the American food giant.

opˈposed bid FINANCE
a takeover bid that the director S of the company that is bid for do not agree with and advise their shareholders to refuse
ˈpaper bid FINANCE
a takeover bid in which the buyer offers to pay shareholders of the company they are buying in the form of shares, bonds etc, rather than in cash:

• It may make a paper bid, with investors offered shares in the new company.

3. an offer to do work or provide services for a fixed price, in competition with other offers:

• Carlisle invited bids to run the whole hospital.

• The company did not put in a bid for the contract.

ˈsealed bid FINANCE
an offer to buy something, do work, or provide a service at a price that is not known to anyone else. All the offers are then looked at together in order to find the best price:

• Most loan auctions are conducted by sealed bid.

unconˈditional bid FINANCE
a takeover bid to buy a company at a particular price, without any conditions
  [m0] II. bid bid 2 verb bid PTandPP bidding PRESPART [intransitive, transitive]
1. FINANCE to offer to pay a particular price for something such as goods, property, or bonds:
bid (something) for something

• He bid £69,000 at Sotheby's for an 18th century wine glass.

2. FINANCE to offer to buy a large number of shares in a company and so take over the company:
bid (something) for something

• The company is bidding 910p a share for control of AB Ports, in a deal worth an estimated £2.8 billion.

3. COMMERCE to offer to do work or provide services for a fixed price, in competition with others:
bid (something) for something

• Investors have bid a record amount of cash for Venezuela's oil operating licences.

• The government has invited companies to bid for gas exploration rights in the west of the country.

— bidder noun [countable] :

• bidders for the franchises

— bidding noun [uncountable] :

• The painting made $14 million in frenzied bidding at Christie's.

bid something → up phrasal verb [transitive] FINANCE
if people bid up a price, they cause it to increase because of the competition between them in bidding:

• Investors have bid up the company's shares about 25%, despite disappointing operating results.

* * *

   A market maker's price to buy a security or instrument.

* * *

Ⅰ.
bid UK US /bɪd/ verb (past tense and past participle bid)
[I or T] COMMERCE, FINANCE to compete to buy something by offering a particular amount of money for it: »

We have a keen interest in the property, although we have not made any definite decision to bid.

bid for sth »

Potential buyers must register and bid for items online before the cutoff dates.

bid sth for sth »

The previously unknown company bid $9.3 billion for the oil fields.

[I] to compete for work by offering to do it for a particular price: bid for sth »

Taylor-Stanley yesterday confirmed it had bid for the contract.

bid on sth »

Follow these steps to bid successfully on a government contract.

[I] to compete to be chosen to do something: »

The city is bidding to host the 2020 Olympic Games.

Ⅱ.
bid UK US /bɪd/ noun [C]
COMMERCE, FINANCE an offer to buy something for a particular price: »

a bid of £50m

make a bid for sth »

It is believed the team are ready to make a bid for the player.

»

a failed/successful bid

an offer to do work for a particular price: invite bids for sth/to do sth »

The state government is inviting bids to carry out maintenance work on all the state highways.

make/put in/submit a bid for/on sth »

It was the second time they had submitted a bid for the contract.

an attempt to achieve or get something: bid for sth »

He lost his bid for re-election to the board.

»

The government has reduced the cost of borrowing in a bid to get the economy moving again.

See also AGREED BID(Cf. ↑agreed bid), CABINET BID(Cf. ↑cabinet bid), CASH BID(Cf. ↑cash bid), CLOSED BID(Cf. ↑closed bid), CONDITIONAL BID(Cf. ↑conditional bid), COUNTER-BID(Cf. ↑counter-bid), FRIENDLY BID(Cf. ↑friendly bid), HOSTILE BID(Cf. ↑hostile bid), OPEN BID(Cf. ↑open bid), OPPOSED BID(Cf. ↑opposed bid), PAPER BID(Cf. ↑paper bid), SEALED BID(Cf. ↑sealed bid), TAKEOVER BID(Cf. ↑takeover bid), UNCONDITIONAL BID(Cf. ↑unconditional bid)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • bid — 1 / bid/ vb bid, bid·ding vt: to offer (a price) for payment or acceptance vi: to make a bid: state what one will pay or take in payment a contractor bidding for a job bid·der n bid 2 …   Law dictionary

  • bid — bid1 [bid] vt. BADE, bidden, bidding; for vt. 3, 6, 8 & for vi., the pt. & pp. are always bid, bade or bid, bid [ME bidden, to ask, plead, pray < OE biddan < IE base * bheidh , to urge, compel; meaning and form merged with ME beden, to… …   English World dictionary

  • Bid — (b[i^]d), v. t. [imp. {Bade} (b[a^]d), {Bid}, (Obs.) {Bad}; p. p. {Bidden}, {Bid}; p. pr. & vb. n. {Bidding}.] [OE. bidden, prop to ask, beg, AS. biddan; akin to OS. biddian, Icel. bi[eth]ja, OHG. bittan, G. bitten, to pray, ask, request, and E.… …   The Collaborative International Dictionary of English

  • bid — /bɪd/ noun 1. an offer to buy something at a specific price ♦ to make a bid for something to offer to buy something ● We made a bid for the house. ● The company made a bid for its rival. ♦ to make a cash bid to offer to pay cash for something ♦… …   Marketing dictionary in english

  • bid — /bɪd/ noun 1. an offer to buy something at a specific price. ⇒ takeover bid ♦ to make a bid for something to offer to buy something ● We made a bid for the house. ● The company made a bid for its rival. ♦ to make a cash bid to offer to pay cash… …   Dictionary of banking and finance

  • Bid'a — Bidʿa ‏ بدعة‎ bid a, DMG bidʿa bedeutet „Neuerung“, „Ketzerei“, „ketzerische Lehre“ in der islamischen Theologie und Jurisprudenz und steht somit im Widerspruch zur Sunna. Grundsätzlich ist jede Neuerung zunächst verwerflich, wenn sie nicht im… …   Deutsch Wikipedia

  • Bidʿa — ‏ بدعة‎ bid a, DMG bidʿa bedeutet „Neuerung“ in der islamischen Theologie und Jurisprudenz und steht somit im Widerspruch zur Sunna. Grundsätzlich ist jede Neuerung zunächst verwerflich, wenn sie nicht im Einklang mit dem Koran und der Sunna …   Deutsch Wikipedia

  • bid — [bɪd] (past tense past participle bid; present participle bidding) verb I 1) [I/T] to offer a particular amount of money for something They bid £300 for the painting.[/ex] 2) [I] to offer to do work or provide a service for a particular amount of …   Dictionary for writing and speaking English

  • bid — Ⅰ. bid [1] ► VERB (bidding; past and past part. bid) 1) offer (a certain price) for something, especially at an auction. 2) (bid for) (of a contractor) tender for (work). 3) (bid for) make an effort to obtain or achiev …   English terms dictionary

  • Bid — Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom. {{{image}}}   Sigles d une seule lettre   Sigles de deux lettres > Sigles de trois lettres …   Wikipédia en Français

  • Bid'a — Bid ah Religion religions abrahamiques : judaïsme · christianisme · islam C …   Wikipédia en Français

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