asked to bid / offer

Definition

A situation in which a seller or a buyer of a certain security has solicited a potential buyer or seller. When an investment bank is asked to bid / offer, then the potential seller or buyer will ask for money as a surety. This term is typically used in the context of general equities where usually a seller or buyer who is looking to aggressively sell or buy stock is typically asking for a capital commitment from an investment bank.
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asked price asking price