Auction offer

This time we are looking on the crossword puzzle clue for: Auction offer.
it’s A 13 letters crossword definition.
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Possible Answers:

BID.

Last seen on: –USA Today Crossword – May 2 2021
USA Today Crossword – Nov 15 2020

Random information on the term “BID”:

Bidding is an offer (often competitive) to set a price tag by an individual or business for a product or service or a demand that something be done. Bidding is used to determine the cost or value of something.

Bidding can be performed by a person under influence of a product or service based on the context of the situation. In the context of auctions, stock exchange, or real estate the price offer a business or individual is willing to pay is called a bid. In the context of corporate or government procurement initiatives, in Business and Law school students actively bid for high demand elective courses that have a maximum seat capacity though a course bidding process using pre allocated bidding points or e-bidding currency on course bidding systems. The price offer a business or individual is willing to sell is also called a bid. The term “bidding” is also used when placing a bet in card games. Bidding is used by various economic niches for determining the demand and hence the value of the article or property, in today’s world of advanced technology, the Internet is a favoured platform for providing bidding facilities; it is a natural way of determining the price of a commodity in a free market economy.

BID on Wikipedia