What is the term for the lowest price at which a seller is willing to accept for a financial instrument being quoted?

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In every quoted instrument you’ll see two sides: the bid and the ask. The price that a seller is willing to accept is the ask price (also called the offer). It’s the minimum price at which the seller will part with the instrument in the current quote. The bid is the price buyers are willing to pay, which is the opposite side of the spread. The market price reflects the most recent trade, not necessarily the current minimum a seller would accept, and the execution price is the actual price at which a trade occurs, which can happen at the bid, the ask, or somewhere in between depending on how the order is filled. So the term that matches the description of the lowest price a seller will accept is the ask price.