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.
This example is to illustrate the bid/ask spread, with the BID price on the left, and the ASK price on the right. The BID Price: Essentially, the BID is the price at which a buyer or market maker is willing to buy a security. If you owned shares in a stock, say AuthenTec, and wanted to sell, it is the current price at which someone is willing to purchase your shares.