Definitions for "Bid/Offer Spread"
Keywords:  recoup, quoted, maker, cent, buy
Difference between the bid price and offer price of units. Usually between 5% and 6% of the offer price of units. Used to recoup management expenses and initial costs.
Investment funds managed on a unitised basis differentiate between a low bid or buy-back price and the higher offer or sell price in order to use the difference to recoup some of the management expenses.
This is the difference between the bid price and the offer price.