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bid (or buy)
An offer to buy a specific quantity of a commodity at a stated price. The price that the market participants are willing to pay. Chicago Mercantile Exchange Glossary
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▪ I. buy buy 1 [baɪ] verb bought PTandPP [bɔt ǁ bɒːt] [transitive]
1. COMMERCE to get something by paying money for it:
• We just cannot afford to buy a new car.
buy somebody something
• Come on, I'll buy you lunch.
2. if a sum of money buys something, you can get it for that amount of money:
• £400,000 should buy a decent house, especially outside London.
buy somebody something
• A dollar won't even buy you a cup of coffee these days.
3. buy a pig in a poke informal to buy something without seeing it or looking at it carefully, that turns out to be bad value:
• House purchasers must satisfy themselves through legal advisers or surveyors that they are not buying a pig in a poke.
4. buy a pup FINANCE informal to be cheated into buying something that is not good value:
• If he has bought a pup, it is highly unlikely that any other shrewd financier would buy it from him.
5. buy (something) long FINANCE to buy and hold stocks, shares etc expecting their price to rise
buy something → down phrasal verb [transitive] FINANCE
a lender who buys down interest rates makes them lower for the borrower:
• RP Builders will buy down interest rates and provide lower down payments for black buyers.
buy something → forward phrasal verb [transitive] FINANCE
to agree a price for something now for delivery in the future
if an organization buys in parts or services, it gets them from another company, rather than produce them itself:
• Under the new system, schools have to buy in the services of advisers and librarians.
buy into something phrasal verb [transitive]
1. COMMERCE to buy part of a company or business:
• A lot of US companies are buying into Japanese firms.
• In momentum investing, the name of the game is being the first investor to buy into a stock, and the first investor to sell out before bad news breaks.
3. to believe in something completely:
• My last employer expected us to buy into the ideas of every new American business guru, without question.
buy somebody → off phrasal verb [transitive]
to pay someone money or give them something they want to stop them causing trouble or doing something that harms you:
• Companies bought off the threat of trouble with high wage settlements.
buy somebody/something → out phrasal verb [transitive]
1. FINANCE to buy all of someone's shares in a business that you previously owned together, giving you complete control:
• They plan to buy out the shares of all the other shareholders.
• staff who had tried to buy out the company to keep it working
— see also buyoutbuy something → up phrasal verb [transitive] COMMERCE
to quickly buy as much as possible of something such as land or tickets:
• Much of the land has been bought up by property developers.
[m0] ▪ II. buy buy 2 noun
be a good/bad etc buy to be worth or not worth the money being paid:
• Do you think a second-hand car is a good buy?
• These prices are only a guide and it's worth shopping around for the best buy.
ˌbest ˈbuy [countable]
a product that has been carefully tested and that a consumer organization says offers the best value for money in relation to other similar products:
• Today's vacuum cleaners have a confusing array of features, so we tested a range of models to find the best buys.
something which is bought without planning or choosing carefully:
• Motorcycles are often an impulse buy.
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Ⅰ.
buy UK US /baɪ/ verb (bought, bought)
► [
I or
T] »
Most people who move into a new house are going to buy things.
»
There are more people buying at this time of the year so prices are high.
»
The company was set up to buy and sell shares on behalf of investors.
buy sth from sb »
We always buy paper from the same supplier.
buy sth for sb/sth »
Customers may be buying mobile phones for their children.
buy sb sth »
I offered to buy him lunch.
»
The firm buys in bulk and negotiates substantial discounts.
► [
T]
COMMERCE,
FINANCE »
A country where the pound buys almost 30% more than it did a year ago will attract British tourists.
buy sb sth »
A few dollars will buy you a book that holds the experience of a lifetime.
Ⅱ.
buy UK US /baɪ/ noun [C]
► »
The shares look undervalued and are a good buy.
»
This car was a real buy for $4000.