It may be that the company placed a block â or a hold â on your card for the estimated total of your bill. Merchants use blocks to make sure you have sufficient funds to pay your bill. If youâre near your credit limit or you have a low balance in your bank account when a block is placed, your card could be declined for additional purchases. To avoid surprises at the cash register, ask your card issuer and the merchant if they use blocking.
BID, contracts. A bid is an offer to pay a specified price for an article about to be sold at auction. The bidder has a right to withdraw his bid at any time before it is accepted, which acceptance is generally manifested by knocking down the hammer. 3 T. R. 148; Hardin's Rep. 181; Sugd.
The bid price is the price that someone is willing to pay for that stock, the ask price is what someone is willing to sell that stock for. If the stock is up to $1, for exampâ¦le, when you buy it the lowest someone is willing to sell it for could be $1.01, and someone else may be willing to buy it at $.99.