bid

(redirected from bid price)
Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia, Wikipedia.
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 Vend. 29; Babington on Auct. 30, 42; or the bid may be withdrawn by implication. 6 Penn.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 letter also stated that Saflink can regain compliance with the bid price requirement if, at any time before June 14, 2006, the bid price of its common stock closes at or above $1.
2) That DG Systems, on or before June 14, 2006 will have a closing bid price of $1.
DG Systems" or the "Company"), (NASDAQ: DGIT), the leading provider of digital media distribution services to the broadcast and advertising industries, today announced that it has received a staff determination letter from the Nasdaq Stock Market ("Nasdaq") stating that the Company's common stock is subject to delisting from the Nasdaq National Market because the closing bid price of the Company's common stock is not in compliance with the $1.
00 minimum closing bid requirement set forth in Nasdaq Marketplace Rule 4450(a)(5) (the "Minimum Bid Price Rule"), and as a result the Company's common stock will be delisted at the opening of business on January 27, 2006 unless the Company requests a hearing in accordance with the Nasdaq Marketplace Rules.
FONAR Corporation (NASDAQ: FONR), The Inventor of MR Scanning, announced today that it received written notification from The Nasdaq Stock Market on December 22, 2005 that the bid price of its common stock for the last 30 consecutive trading days had closed below the minimum $1.
Saflink(R) Corporation (NASDAQ:SFLK) a leading provider of solutions for secure access, identity assurance and productivity announced today that on December 16, 2005, it received a deficiency letter from The NASDAQ Stock Market(R) indicating that it is not in compliance with the continued listing requirements on the NASDAQ(R) Capital Market because, for the previous 30 consecutive business days, the bid price of its common stock had closed below the $1.
Nasdaq: PRGX), the world's largest recovery audit firm, today announced that it received a notice on December 12, 2005 from the Nasdaq Stock Market indicating that the Company is not in compliance with Nasdaq Marketplace Rule 4450(a)(5) because, for the last 30 consecutive business days, the bid price of the Company's common stock has closed below the minimum $1.