11.   They get the bid price of the units in the fund, their allocation of the units in the fund.

12.   The bid price, or the offer price?

13.   The bid price is what the company will give the client, and the offer price is which the client has to buy off the company.

14.   Generally, the shares will be sold on the market and the customer will be credited with the bid price less any charges.

15.   If the shares are retained, the investor is offered a mid-market rather than a bid price.

16.   Otherwise the investor will get the bid price less charges, although the sale commission will be waived on larger amounts.

17.   For a start unit trusts, like shares, have an offer price at which you buy and a bid price at which you sell.

18.   The minimum possible bid price is equal to the cancellation price.

19.   Executives close to Vodafone stressed that it would not decide on a final bid price until the meeting.

20.   However, the lower maximum bid price could mean lower bills in the future.