What is a car bid?
A bid is how much you’re willing to pay to buy an auctioned vehicle. If another buyer has placed a bid on a car, you or anyone else can place a higher bid to ‘outbid’ them. 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.A bid placed higher than the current lowest offer is just a market order, it fills all volume from the lowest price up the order book. If there isn’t offer volume sufficient at or below 1.The term bid refers to the highest price a buyer will pay to buy a specified number of shares of a stock at any given time. The term ask refers to the lowest price at which a seller will sell the stock.A condition goes to the substance of a bid where it affects price, quantity, quality, or delivery of the items offered. Any bid may be rejected if the contracting officer determines in writing that it is unreasonable as to price.