asking price

Definition

The lowest price for which any investor or dealer has declared that he/she will sell a given security or commodity. For over-the-counter stocks, the asking price is the best quoted price at which a Market Maker is willing to sell a stock. For mutual funds, the asking price is the net asset value plus any sales charges. also called asked price or offering price or ask.

Use asking price in a sentence

The asking price had been set and we simply had the option of taking or passing on the security at that price.

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You should always try and set a high asking price so that the final price will be something you can live with.

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I wondered what the asking price was, because if it was too high, I would not be able to afford it and would have to barter.

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