best bid


best bid
In an auction, the highest bid; in the letting of a contract for public works, the lowest bid by a responsible bidder. 43 Am J1st Pub Wks § 42.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • Best Bid — The highest quoted bid for a particular trading instrument among all those offered by competing market makers. The best bid is effectively the highest price that an investor is willing to pay for an asset. A bid is an offer made by a trader,… …   Investment dictionary

  • best bid — The highest quoted bid of all competing Market Makers to buy a particular stock at any given time. Exchange Handbook Glossary The highest bid price for a specific tradable instrument ( i.e. the highest price any buyer has declared that they are… …   Financial and business terms

  • National best bid and offer — (NBBO) is a term used in United States Securities and Exchange Commission regulations. Brokers are required to execute customer trades at the best available ask price when buying securities, and the best available bid price when selling… …   Wikipedia

  • European Best Bid And Offer - EBBO — The European equivalent of the National Best Bid and Offer (NBBO). The EBBO refers to the current best prices available for selling or buying a trading instrument such as a stock. On any exchange, a series of price levels appear for both the buy… …   Investment dictionary

  • National Best Bid and Offer - NBBO — A term applying to the SEC requirement that brokers must guarantee customers the best available ask price when they buy securities and the best available bid price when they sell securities. NBBO is the bid and ask the average person will see.… …   Investment dictionary

  • Bid whist — is a variant, played in the United States, of the classic card game, whist. As indicated by the name, bid whist adds a bidding element to the game that is not present in classic whist. It is generally accepted that the game of bridge came from… …   Wikipedia

  • best — I adjective above the average, beyond compare, brought to perfection, chief, choice, crowning, distinguished, exceptional, exemplary, extraordinary, faultless, favorite, first class, first rate, flawless, foremost, greater, highest, impeccable,… …   Law dictionary

  • bid — An offer by an intending purchaser to pay a designated price for property which is about to be sold at auction. An offer to perform a contract for work and labor or supplying materials or goods at a specified price. Public contracts are… …   Black's law dictionary

  • bid — An offer by an intending purchaser to pay a designated price for property which is about to be sold at auction. An offer to perform a contract for work and labor or supplying materials or goods at a specified price. Public contracts are… …   Black's law dictionary

  • best — Of the highest quality; of the greatest usefulness for the purpose intended. Most desirable, suitable, useful, or satisfactory. For example: the best bid of interest by a prospective depositary of school funds would not necessarily be the highest …   Black's law dictionary


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