Inside Quote
The highest bid and lowest offer price for a security quoted among all of the market makers competing in a security.
Investopedia Says:
This is also known as the inside spread.
Related Links:
Understanding the real forces that move stock prices is part of being a good trader. Why The Bid-Ask Spread Is So Important
Find out the various ways in which a broker can fill an order, which can affect costs. Understanding Order Execution



