Ask price, also called offer price, offer, asking price, or simply ask, is the price a seller states she or he will accept for a good.
The seller may qualify the stated asking price as firm or negotiable. Firm means the seller is saying he or she won't change the price. Negotiable means the seller is inviting the potential buyer to attempt to convince the seller to lower the price.
In bid and ask, the term ask price is used in contrast to the term bid price. The difference between the bid price and the ask price is called the spread.
Read more about Ask Price: Stock Exchange, Mutual Funds, Commodities, Auctions
Famous quotes containing the word price:
“I sometimes think that the price of liberty is not so much eternal vigilance as eternal dirt.”
—George Orwell (1903–1950)