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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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

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 Vend. 29; Babington on Auct. 30, 42; or the bid may be withdrawn by implication. 6 Penn.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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Josh Smith, Senior Researcher in the Centre for the Analysis of Social Media and Biddable Youth co-author, said: 'This report explores a vital new field of gambling online, which encourages people to bet on the outcome of video games.
I was pretty certain I knew the definition of the word "biddable," but I'll share the definition with you, in case you don't know it:
Many Ukrainian TV channels and much of Ukraine's press are owned by biddable oligarchs or those who still have links to Russian business.
"I won't claim that all Spinones are extremely biddable," he continued.
Jim Banks - Global Head of Biddable Media at Cheapflights, a part of the Momondo Group
Beleaguered Jeremy Corbyn must reach out to sceptical if biddable comrades in the House of Commons.
They often tell me they find the British press frightening and outrageous, and certainly the Westminster press pack are far less biddable than their Chinese counterparts.
This probably had more to do with the disappearance of the rural population from which "biddable" servants could be recruited.
this restless mind, driven to distraction by all the troubles and dogmas of the day, feeling the need to encumber himself with all of humanity's demands, gladly sticks his nose into all the pots in which the good God is cooking the future: that Franz Liszt could not be merely a nice, biddable virtuoso pianist for contended merchants is clear."
Additionally, a key decision that host governments face when designing an auction is selecting the biddable parameters.
As if to confirm this underlying reality, two stories caught my attention last week, of some relevance to how international investors may behave, bearing in mind that the upside for bonds now must mathematically be limited, and stocks may not be indefinitely biddable following a long bull run already.