Dictionary of Banking Terms: hit the bid
hit the bid
expression for a seller's willingness to accept the bid price offered by a buyer. The opposite is take the offer.
Dictionary of Finance and Investment Terms: hit the bid
hit the bid
to accept the highest price offered for a stock. For instance, if a stock's ask price is $50.25 and the current bid price is $50, a seller will hit the bid if he or she accepts $50 a share.
