Can you cancel a bid on bringing a trailer?
A bid is a commitment to purchase, and we do not cancel bids on the site. Please be very careful when placing your bid. Key takeaways. In online auctions, a bid is an offer made by a buyer to purchase an item at a certain ask price.The bid price is the highest price a buyer will pay for a security at this moment. The ask price is the lowest price a seller will accept. The smaller the spread, the greater the liquidity of the given stock.