An expression indicating a desire to buy a commodity at a given price, opposite of offer. Chicago Board of Trade glossary
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The request to buy a futures contract at a specified price; the opposite of offer. The CENTER ONLINE Futures Glossary
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The trading price acceptable to a prospective buyer of securities. American Banker Glossary
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The price a potential buyer is willing to pay for a security. Sometimes also used in the context of takeovers where one corporation is bidding for (trying to buy) another corporation. In trading, we have the bid-asked spread which is the difference between what buyers are willing to pay and what sellers are asking for in terms of price. Bloomberg Financial Dictionary
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The price that the market participants are willing to pay. Chicago Mercantile Exchange Glossary
bid (or buy)
An offer to buy a specific quantity of a commodity at a stated price. The price that the market participants are willing to pay. Chicago Mercantile Exchange Glossary
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The price at which a trader or market maker is willing to buy. NYSE Euronext Glossary
* * *
▪ I. bid bid 1 [bɪd] noun [countable]
1. FINANCE COMMERCE a price offered to buy something such as goods, property, shares, or bonds:
• bids from buyers in the auction rooms
• Bids for the bonds totalled M$2.26 billion.
• Its shares were quoted yesterday at a bid price of 31 cents a share.
ˈcabinet bid
a situation in which people or companies make offers for something without knowing how much the others are offering. The seller then chooses the best offer:
• The US government awarded the contracts through a closed bid.
when possible buyers are invited to offer a price for something, with no restrictions on who can make an offer:
• The enterprises will be sold through open bids.
2. also ˈtakeover bid FINANCE an offer by one company to buy another, or the value of this offer:
• Itmade a bid for the company at C$23.50 a share.
• The football club accepted a £24 million takeover bid from Soccer Investments.
• Its directors rejected the offer, saying the bid price significantly undervalues the company.
a takeover bid in which the buyer offers to pay shareholders of the company they are buying in cash:
• Hanson launched a hostile £780m cash bid for the company.
a takeover bid which is based on certain conditions, for example the buyer must have been able to buy the majority of the shares:
• The department store chain has rejected a £520m conditional bid from Philip Green, the retail entrepreneur.
ˈcounter bid also counter-bid FINANCE
a bid that is higher than a previous bid, for example when more than one company is trying to take control of another company:
• There have been several bids and counter bids for the firm.
a takeover bid that is wanted by the company that the bid is for
a takeover bid that is not wanted by the company that the bid is for:
• The company fought off a hostile bid from the American food giant.
a takeover bid that the
director S of the company that is bid for do not agree with and advise their shareholders to refuse
a takeover bid in which the buyer offers to pay shareholders of the company they are buying in the form of shares, bonds etc, rather than in cash:
• It may make a paper bid, with investors offered shares in the new company.
3. an offer to do work or provide services for a fixed price, in competition with other offers:
• Carlisle invited bids to run the whole hospital.
• The company did not put in a bid for the contract.
an offer to buy something, do work, or provide a service at a price that is not known to anyone else. All the offers are then looked at together in order to find the best price:
• Most loan auctions are conducted by sealed bid.
a takeover bid to buy a company at a particular price, without any conditions
[m0]
▪ II. bid bid 2 verb bid PTandPP bidding PRESPART [intransitive, transitive] 1. FINANCE to offer to pay a particular price for something such as goods, property, or bonds:
bid (something) for something
• He bid £69,000 at Sotheby's for an 18th century wine glass.
2. FINANCE to offer to buy a large number of shares in a company and so take over the company:
bid (something) for something
• The company is bidding 910p a share for control of AB Ports, in a deal worth an estimated £2.8 billion.
3. COMMERCE to offer to do work or provide services for a fixed price, in competition with others:
bid (something) for something
• Investors have bid a record amount of cash for Venezuela's oil operating licences.
• The government has invited companies to bid for gas exploration rights in the west of the country.
— bidder noun [countable] :
• bidders for the franchises
— bidding noun [uncountable] :
• The painting made $14 million in frenzied bidding at Christie's.
bid something → up phrasal verb [transitive] FINANCE
if people bid up a price, they cause it to increase because of the competition between them in bidding:
• Investors have bid up the company's shares about 25%, despite disappointing operating results.
* * *
A market maker's price to buy a security or instrument.
* * *
Ⅰ.
bid UK US /bɪd/ verb (past tense and past participle bid)
► [
I or
T]
COMMERCE,
FINANCE »
We have a keen interest in the property, although we have not made any definite decision to bid.
bid for sth »
Potential buyers must register and bid for items online before the cutoff dates.
bid sth for sth »
The previously unknown company bid $9.3 billion for the oil fields.
► [
I]
bid for sth »
Taylor-Stanley yesterday confirmed it had bid for the contract.
bid on sth »
Follow these steps to bid successfully on a government contract.
► [
I] »
The city is bidding to host the 2020 Olympic Games.
Ⅱ.
bid UK US /bɪd/ noun [C]
► COMMERCE,
FINANCE »
a bid of £50m
make a bid for sth »
It is believed the team are ready to make a bid for the player.
»
a failed/successful bid
► invite bids for sth/to do sth »
The state government is inviting bids to carry out maintenance work on all the state highways.
make/put in/submit a bid for/on sth »
It was the second time they had submitted a bid for the contract.
► bid for sth »
He lost his bid for re-election to the board.
»
The government has reduced the cost of borrowing in a bid to get the economy moving again.
→
See also AGREED BID(
Cf. ↑
agreed bid),
CABINET BID(
Cf. ↑
cabinet bid),
CASH BID(
Cf. ↑
cash bid),
CLOSED BID(
Cf. ↑
closed bid),
CONDITIONAL BID(
Cf. ↑
conditional bid),
COUNTER-BID(
Cf. ↑
counter-bid),
FRIENDLY BID(
Cf. ↑
friendly bid),
HOSTILE BID(
Cf. ↑
hostile bid),
OPEN BID(
Cf. ↑
open bid),
OPPOSED BID(
Cf. ↑
opposed bid),
PAPER BID(
Cf. ↑
paper bid),
SEALED BID(
Cf. ↑
sealed bid),
TAKEOVER BID(
Cf. ↑
takeover bid),
UNCONDITIONAL BID(
Cf. ↑
unconditional bid)