Term of the Day - ask
For Monday, January 19, 2009
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Term of the Day - ask
The lowest price that any investor or dealer has declared that he/she will sell a given security or commodity for. For over-the-counter stocks, the ask is the best quoted price at which a Market Maker is willing to sell a stock. For mutual funds, the ask is the net asset value plus any sales charges. also called asked price or asking price or offering price.
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Quote of the Day
It is possible that in 10 or 20 years, we'll look back on this period in the way we now look back at the Industrial Revolution. - Henry Blodget, Merrill Lynch internet analyst
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