Bid: 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-ask spread which is the difference between what buyers are willing to pay and what sellers are asking for in terms of price.

 

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Bid: The bid is the price a market maker or broker is willing to pay for a security, such as a stock or bond, at a particular time. In the real estate market, a bid is the amount a buyer offers t . . . View Full Definition

Sole Source Bid: This refers to the required bidding process for infant formula sold through the WIC program. It offers an infant formula manufacturer the option of bidding to be the only provider of infant . . . View Full Definition

Competitive Bidding (For WIC): With respect to the WIC program, refers to the method for containing program costs, particularly for infant formula contained in food packages: requires state WIC agencies to solicit bids to . . . View Full Definition

Carbide Tool Bits: Lathe cutting tools to which carbide tip inserts have been brazed, to provide cutting action on harder materials than the high speed cutters are capable of.