bid price

The bid price is the highest amount a buyer is willing to pay for an asset, such as stocks, real estate, or goods. In financial markets, it represents the demand side of a transaction, where buyers show their interest in purchasing something at a specific price. If a seller agrees to this price, a transaction occurs. Essentially, the bid price helps determine the market value of an asset by reflecting what buyers are prepared to spend at a given moment. It's a critical component in understanding buying and selling dynamics in any marketplace.