Ask Price

The ask price, also known as the offer price, is the lowest price at which a seller is willing to sell a security, asset, or commodity in the market. It is the price a buyer must pay to purchase the asset. The ask price is usually higher than the bid price, which is the highest price a buyer is willing to pay for the same asset. The difference between the bid price and the ask price is known as the bid-ask spread, and it represents the transaction cost for the buyer.

Example

If a stock’s ask price is $50, it means that the seller is willing to sell the stock for at least $50. A buyer would need to offer $50 or more to purchase the stock.