Bidding - Term Overview

HOME | BLOG | BIDDING - TERM OVERVIEW

The term bidding or bid refers to the monetary amount that a person is willing to offer to another to acquire a good or service. Typically, bids are common in public or private auctions of physical assets.

The common auction is the one that presents different products or services with their corresponding characteristics and the possible buyers who are interested in them come and evaluate whether or not the price is of interest to them to bid and get the product offered.

The bidding term is also used for the interest rate levels for which a purchase is or isn't attractive and the buyer is interested in a share, a security or any other financial asset.

The bid implies that if a product is in high demand and many people want it, the price will increase until it's positioned at a price that may be higher than its intrinsic value. This usually happens with those goods that are limited edition and are scarce or very attractive to the naked eye.

Auctions in the digital world represent a vast world of new possibilities for everyone. The globalization and new technologies have made it possible to bring the end of an auction to different portals or individuals who could not be close either by physical barriers or cultural barriers.

We are talking about portals both at the stock market level, as well as real products, in which individuals offer their products through a website and users bid what they see fit. Security and anonymity play against these websites or being able to carry out this type of act in a physical way.

Read more articles in our blog.

Share on Facebook Share on Twitter Share on LinkedIn
Back to top

Home | Privacy Policy | Terms of Use

Copyright 2011 - 2020 - All Rights Reserved