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bid wanted.Securities. A dealer’s notation that bids are being sought from anyone on a security for sale. • The notation appears in the pink sheets. — Abbr. BW. See PINK SHEET. [Blacks Law 8th]

bid-shopping. A general contractor’s effort — after being awarded a contract — to reduce its own costs by finding a subcontractor that will submit a lower bid than the one used in calculating the total contract price. • If a lower bid is obtained, the general contractor will receive a windfall profit because the savings…

bid quote.Securities. The price a broker will pay for a security or commodity.[Blacks Law 8th]

bid price.See PRICE.[Blacks Law 8th]

bid peddling.See BID-SHOPPING. [Blacks Law 8th]

BID PEDDLING bid peddling.See BID-SHOPPING. [Blacks Law 8th]

bid in.See BID(1).[Blacks Law 8th]

  biderepe. See BEDRIP. [Blacks Law 8th]

bidding up.The act or practice of raising the price for an auction item by making a series of progressively higher bids. • Bidding up is unlawful if the bids are made collusively by persons with an interest in raising the bids. Cf. BY-BIDDING; SHILLING(1). [Cases: Auctions and Auctioneers  7.C.J.S. Auctions and Auctioneers §§ 2, 8–17.][Blacks…

bid bond.See BOND(2). [Blacks Law 8th]