Bid price
The lower price in a two-way quote — the price at which the market maker is willing to buy one unit of the base currency, and therefore the price a customer receives when selling.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Where this is taught
Free preparation for NISM Series I← All terms