Business Glossary

1. price at which a security or commodity is offered for sale on an exchange or in the over-the-counter market. Generally, it is the lowest round lot price at which a dealer will sell. Also called the ask price, asking price, ask, or offering price .
2. per-share price at which mutual fund shares are offered to the public, usually the Net Asset Value per share plus a sales charge, if any.

lowest price at which a seller is willing to offer securities or financial futures, also called offering price . It is then compared against the bid price, the highest price offered by a potential buyer.