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Definition of 'Ask'

Ask is the same as offer and is the opposite side to the bid. The asking or offering price is the price that you want for something that you own. The bidding price is the price which someone is willing to pay for something that you own. The ask price is always higher than the bid. One party must always capitulate in order to transact. Either the bidder accepts the asking price and pays more than they were bidding or the asker will lower his price to accept the bidder's price.

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