Hit the Bid
Financial & Investment Dictionary:
Hit the Bid
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Hit the Bid - Trader's term used when a seller places market orders with the intention of selling to the highest bidder, regardless of price.
HIT THE BID - A dealer who agrees to sell at the bid price quoted by another dealer is said to "hit" th...
HK - The two-character ISO 3166 country code for HONG KONG.
Hit The Bid - A buzzword used to describe an event where a broker agrees to sell at a bid price quoted by another broker. The broker is ultimately agreeing to sell a given stock at the highest price that another broker is willing to buy at.
Hit the Bid
Seller's acceptance of the highest price offered for a stock. For example, if a stock's ask price is $24 1/4 and the current bid price is $24, sellers will hit the bid if they accept $24 a share.
See: Asked Price ...
Antithesis of hit the bid. Take-out A cash surplus generated by the sale of one block of securities and the purchase of another, e.g., selling a block of bonds at 99 and buying another block at 95.
Antithesis of hit the bid. Take-up fee A fee paid to an underwriter in connection with an underwritten rights offering or an underwritten forced conversion.
Held order Order that must be executed without hesitation (Hit the bid or take the offer in line) or if the stock can be bought or sold at that price (held limit order) in sufficient quantity.
hit the bid Situation in which a dealer agrees to sell at the highest price offered (""bid"")... HKD The ISO currency code for the Hong Kong Dollar. Learn more about the Hong Kong dollar and Hong Kong at GoCurrency.
Order that must be executed without hesitation (Hit the bid or take the offer in line) or if the stock can be bought or sold at that price (held limit order) in sufficient quantity.
Hell-or-high-water contract ...
Take the offer
Buy stock by accepting a floor broker's (listed) or dealer's (OTC) offer at an agreed-upon volume. Antithesis of hit the bid.
Take the offer
Definition: [crh] Buy stock by accepting a floor broker's (listed) or dealer'sDefinition: /A (OTC) offer at an agreed-upon volume. Antithesis of hit the bid.
 See also: Take the offer, Held order, Bank loan, Tender Offer, Resistance level
  
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