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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

hit the bid  

Definition 1.

Situation in which a dealer agrees to sell at the highest price offered ("bid") by another dealer for a given stock. opposite of take the offer.
 

Definition 2.

A dealer who agrees to sell at the bid price quoted by another dealer is said to "hit" that bid. Antithesis of take the offer.
 
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