Definitions for "Bid/Ask"
Keywords:  bullion, ask, dealer, thinner, spread
Spread The point difference between the bid and ask (offer) price.
a measure of market liquidity, also known as bid/offer. The bid is the price level at which buyers are willing to buy, and the ask is the price level at which sellers are willing to sell. The thinner the spread, the higher the liquidity.
The Bid rate is the rate at which you sell. The Ask (or offer) rate is the rate at which you can buy.