Bid: A bid is a formal offer to purchase an asset or security at a stated price. It’s usually made by potential buyers through public markets like stock exchanges, or directly through private brokerage firms. Bids are important because they help to determine the true market value of a security and facilitate efficient trading in the financial markets. By using bids, investors can quickly identify the best prices for their desired assets, allowing them to make informed decisions and optimize their returns.
Want to find out more about procurement?
Access more blogs, articles and FAQ's relating to procurement