What is BID?

An offer by an intending purchaser to pay a designated price for property which Is about to be sold at auction. U. S. v. Vestal (D. C.) 12 Fed. 59; Payne v. Cave, 3 Term, 149; Eppes v. Railroad Co., 35 Ala. 56.

More On This Topic



Link to This Definition
Did you find this definition of BID helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary