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TeachMeFinance.com - explain Close prices historic definition... Close prices -- Prices near together. For instance, a bid and asked price is close when separated by only a small fraction, as 100 bid and 100.10 asked. Again, the term applies to a stock or a commodity in which the fluctuations in the price are small or narrow. In mercantile dealings a close price is one very near to cost one that allows of only a minimum profit. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.