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May 30th, 2008

May 30

Asking price

Ask price, also called offer price, offer, asking price, or simply ask, is a price a seller of a good is willing to accept for that particular good.

In bid and ask, the term ask price is used in contrast to the term bid price. The difference between the ask price and the bid price is called the spread.

May 30

Minimum bid

An auction in which the auctioneer will accept bids at or above a disclosed price. The minimum price is always stated in the brochure and advertisements and is announced at the auctions.

 

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