bidbid1 /bɪd/ noun [countableC]1FINANCECOMMERCEa price offered to buy something such as goods, property, shares, or bondsbids from buyers in the auction rooms
Bids for the bonds totalled M$2.26 billion.
Its shares were quoted yesterday at a bid price of 31 cents a share.
→ cabinet bid → closed bid → open bid2 (also takeover bid)FINANCE an offer by one company to buy another, or the value of this offerIt made a bid for the company at C$23.50 a share.
The football club accepted a £24 million takeover bid from Soccer Investments.
Its directors rejected the offer, saying the bid price significantly undervalues the company.
→ cash bid → conditional bid → counter bid → friendly bid → hostile bid → opposed bid → paper bid3an offer to do work or provide services for a fixed price, in competition with other offersCarlisle invited bids to run the whole hospital.
The company did not put in a bid for the contract.
→ sealed bid → unconditional bid