bid a fair price
1price — I noun amount, appraisal, appraisement, charge, compensation, cost, disbursement, due, estimate, estimation, exaction, exchange value, expenditure, expense, fare, fee, figure, outlay, payment, premium, pretium, purchase money, quotation, rate,… …
2price — A fixed value of something. Prices are usually expressed in monetary terms. In a free market, prices are set as a result of the interaction of supply and demand in a market; when demand for a product increases and supply remains constant, the… …
3Bid — (b[i^]d), v. t. [imp. {Bade} (b[a^]d), {Bid}, (Obs.) {Bad}; p. p. {Bidden}, {Bid}; p. pr. & vb. n. {Bidding}.] [OE. bidden, prop to ask, beg, AS. biddan; akin to OS. biddian, Icel. bi[eth]ja, OHG. bittan, G. bitten, to pray, ask, request, and E.… …
4Bid — (b[i^]d), v. t. [imp. {Bade} (b[a^]d), {Bid}, (Obs.) {Bad}; p. p. {Bidden}, {Bid}; p. pr. & vb. n. {Bidding}.] [OE. bidden, prop to ask, beg, AS. biddan; akin to OS. biddian, Icel. bi[eth]ja, OHG. bittan, G. bitten, to pray, ask, request, and E.… …
5Bid — (b[i^]d), v. t. [imp. {Bade} (b[a^]d), {Bid}, (Obs.) {Bad}; p. p. {Bidden}, {Bid}; p. pr. & vb. n. {Bidding}.] [OE. bidden, prop to ask, beg, AS. biddan; akin to OS. biddian, Icel. bi[eth]ja, OHG. bittan, G. bitten, to pray, ask, request, and E.… …
6Bid rigging — is an illegal agreement between two or more competitors. It is a form of collusion, which is illegal in most countries. It is a form of price fixing and market allocation, and it involves an agreement in which one party of a group of bidders will …
7bid — bid1 [bid] vt. BADE, bidden, bidding; for vt. 3, 6, 8 & for vi., the pt. & pp. are always bid, bade or bid, bid [ME bidden, to ask, plead, pray < OE biddan < IE base * bheidh , to urge, compel; meaning and form merged with ME beden, to… …
8fair market value — UK US noun [U] (also fair value) COMMERCE ► a price that is neither too high nor too low in relation to the prices of similar things: »They provided data to demonstrate that their bid was at fair market value …
9bid — 1 noun (C) 1 an offer to pay a particular price for something, especially at an auction 1 (+ for): They put in the highest bid for the house. 2 an offer to do work or provide services for a specific price (+ for): rival bids for the cleaning… …
10Price fixing cases — USAir TravelOn 1 August 2007 it was reported that British Airways has been fined £121.5 million [ cite news | title = BA gets £121.5m price fixing fine| publisher = BBC News | date = 8 January 2007 | url =… …
