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RBA Glossary definition for bid

bid – The price offered to purchase securities in the primary market. In relation to a tender, a bid also includes the volume willing to be bought at the price offered.

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The International Context

13 Dec 2022 RDP 2022-07
Sharon Lai, Kevin Lane and Laura Nunn
Instead, banks would bid for funds at a weekly auction until all funds were exhausted.
https://www.rba.gov.au/publications/rdp/2022/2022-07/the-international-context.html

The Term Funding Facility: Has It Encouraged Business Lending?

13 Dec 2022 RDP 2022-07
Sharon Lai, Kevin Lane and Laura Nunn
Instead, banks would bid for funds at a weekly auction until all funds were exhausted.
https://www.rba.gov.au/publications/rdp/2022/2022-07/full.html