Definition - What does Asking Price mean?
The term "asking price" refers to the lowest value (price) at which the owner, dealer or investor is willing to sell his or her commodity or security. For over-the-counter commodities, the best quoted price at which the holder may sell is called the "asking price".
Justipedia explains Asking Price
When we talk about mutual funds, the asking price is the price equivalent to the value of net assets plus any charges incurred during sale. Asking price is also known as ask, offering price or asked price. Generally, asking price is lower and an asset is sold at a higher price. Asking prices are also typically seen in the real estate market.