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.
3. In some cases, this term also refers to the maximum that an acquiring company is willing to pay for a takeover target.

Use bid in a sentence

The bid was finally set so then we were able to focus our energies on other decisions to be made.

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I did not recieve the vintage style beseball card because it sold for more than twice as much as my highest bid.

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The couple was finally able to buy the house because they bid a price higher than the other person who wanted to buy it.

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issue by tender outcry