In the context of
securitisation, a bid is an offer to purchase a security. A bid is typically made by an investor who is interested in purchasing the security at a specific price. The bid price is the price that the investor is willing to pay for the
security.
The bid price is important because it determines the price at which the security will be sold. If the bid price is higher than the offer price, then the security will be sold. If the bid price is lower than the offer price, then the security will not be sold.