bid

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Related to bid price: Bid and Ask Price

bid

n. an offer to purchase with a specific price stated. It includes offers during an auction in which people compete by raising the bid until there is no more bidding, or contractors offer to contract to build a project or sell goods or services at a given price, with usually the lowest bidder getting the job. (See: contract)

bid

noun advance, approach, estimate, licitatio, offer, offered price, overture, presentation, price, proffer, proposal, proposition, quotation, quoted price, submission, tender
Associated concepts: auction sale, bid bond, bid in, bid off, bidder, competitive bidding, proposal, upset bid, with reserve, without reserve
See also: appeal, application, assign, call, command, detail, dictate, direct, endeavor, enforce, enjoin, impose, insist, instruct, invitation, invoke, mandate, offer, order, overture, petition, pray, prescribe, proffer, propose, proposition, request, summon, summons, writ

BID, contracts. A bid is an offer to pay a specified price for an article about to be sold at auction. The bidder has a right to withdraw his bid at any time before it is accepted, which acceptance is generally manifested by knocking down the hammer. 3 T. R. 148; Hardin's Rep. 181; Sugd. Vend. 29; Babington on Auct. 30, 42; or the bid may be withdrawn by implication. 6 Penn. St. R. 486; 8, Id. 408. Vide 0@ffer.

References in periodicals archive ?
The mistake was immediately corrected and, coupled with a seriously depressed bid price should not deprive the bank of the right to reopen the sale for new bidding.
Tripos, in accordance with Marketplace Rule 4450(e)(2), has been given 180 calendar days, or until July 3, 2007, to regain compliance with the Minimum Bid Price requirement.
If iVOW has not regained compliance by April 11, 2007, the Staff of Nasdaq will determine whether iVOW meets the initial listing criteria for The Nasdaq Capital Market set forth in Marketplace Rule 4310(c), except for the bid price requirement.
On August 1, 2006 EasyLink announced that its plan to regain compliance with NASDAQ minimum bid price rules was to execute a reverse split of its common stock.
The notice indicates that, if compliance with the Minimum Bid Price Rule is not regained by January 10, 2007, the Nasdaq staff will determine whether the Company meets the Nasdaq Capital Market initial listing criteria as set forth in Marketplace Rule 4310(c), except for the bid price requirement.
Based on our review of the Nasdaq Capital Market requirements, we are confident that we meet the initial listing criteria, except for the bid price requirement.