Page "Price" Paragraph 3

Price sometimes refers to the quantity of payment requested by a seller of goods or services, rather than the eventual payment amount.

This requested amount is often called the asking price or selling price, while the actual payment may be called the transaction price or traded price.

Likewise, the bid price or buying price is the quantity of payment offered by a buyer of goods or services, although this meaning is more common in asset or financial markets than in consumer markets.