limit bid noun2 •An offer to buy in an auction for any value up to a specified maximum.Consistent with this conjecture, Cornelli and Goldreich show that investors submitting price-limited bids receive larger allocations when the book contains fewer limit bids. — 2007 •A bid that describes the bidders hand fairly precisely (indicating a small range of high card points and some indication of shape.)OK, you are the captain (partner opened with a limit bid). — 2009 formslimit bids
