what does bid offer mean
Bid price. A bid price is the highest price that a buyer (i.e., bidder) is willing to pay for a good. It is usually referred to simply as the bid. In bid and ask, the bid price stands in contrast to the ask price or offer, and the difference between the two is called the bidâask spread. An unsolicited bid or purchase offer is when a person or company receives a bid even though they are not looking to sell.