Bidder,

Definition of Bidder:

1. In a market, a bidder is a party offering to buy an asset from a seller at a specific price. A bidder can be an individual or organization, and the potential purchase can be part of a multiparty transaction or an auction. In most cases, the party selling the asset chooses the bidder who offers the highest price.

2. A person or organization making a formal offer for something, especially at an auction.

3. Bidders are an essential component of a functioning market. By indicating the amount they are willing to pay for something, bidders signal to the market whether demand is increasing or decreasing. High demand may prompt more sellers to enter the market and can increase the price that sellers are able to garner.

4. Contractor, supplier, or vendor who responds to an invitation to bid (ITB). Also called offeror or quoter.

How to use Bidder in a sentence?

1. She was the highest bidder for this rare portrait.
2. The market for mergers and acquisitions is also a bidding market wherein companies negotiate how much they are willing to pay to acquire another business.
3. In a market, a bidder is a party offering to buy an asset from a seller at a specific price.
4. In most cases, the party selling the asset chooses the bidder who offers the highest price.
5. Probably the most common type of market in which there are bidders is an auction; an auction is a public sale in which goods or property are sold to the highest bidder.

Bidder

A bidding system is a technology that uses proprietary code and algorithms to analyze and respond to bid requests with real-time bids and advertisements. For example, Xandr hosts a bidding tool that exposes buyer-side settings for Xandr UI clients.