1: It is the lowest round lot price at which a dealer will sell a security or commodity on an exchange or in the over-the-counter market. In other words, it is the price that an investor can buy the security. Also called the "asking price", "ask", "offering price" or "offer". 2: The per-share price that mutual fund shares are offered to the potential investors. It is usually the "net asset value" per share plus any sales charges. See: Net Asset Value; Offer
The lowest price that anyone has declared that he will sell his security for at a given time. In over-the-counter stocks, the "ask" is the best quoted price at which a Market Maker is willing to sell a stock.
Shares traded in the OTC market will have prices quoted by their market makers, either on NASDAQ, on the OTCBB? or in the Pink Sheets. The quotations are for the bid price (what the market maker will pay to buy at least 100 shares) and the asked price (what it will accept to sell at least 100 shares).
The lowest price a seller will accept for a security. The bid is the highest price that a potential buyer is willing to pay for a security. The difference between the two prices is known as the spread.