competitive underwriting or sale


Method of sale where the bond issuer sells its securities to the underwriter offering the lowest rate. In a competitive sale, the issuer typically consults with a banker to perform all origination tasks prior to the sale. Contrast to a negotiated sale.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
competitive pricing competitively