Fund Operations

Bid Price

Definition

What is Bid Price?

The price at which a fund or market participant buys units or securities from an investor.

Example in practice

The investor redeems at a bid price of ₦9.85 per unit.

Keep learning

The deadline by which a valid fund instruction must be received for a particular dealing day.

The specified time at which a fund values its assets and calculates dealing prices.

A fund-pricing method under which orders receive a price calculated after the instruction is accepted.

A debt security through which an investor lends money to an issuer in return for promised payments.

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