The intention to sell or the order to sell. The OTC market like a forex is conventionally quoted by both the bid rate and the ask rate. 'Bid' is British English while 'Pay' is American.
Terms in Trading
Ask| Bid| Day order| Done| Either| Firm price| Given| GTC| Hit| If done| Join| Limit order| Line full| Mine| My Risk| Nothing done| OCO| OFF| Offer| Paid| Pay| Pips| Point| Single order| Stop loss orders| Take the offer| Taken| Your Risk| Yours|