competitive bid Definition

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competitive bid

Definition 1
An offering procedure in which underwriters submit sealed bids to the issuer and the issuer selects the underwriter with the best terms.

Definition 2
More generally, the sealed bid process, which is sometimes used in construction contracts and other circumstances.

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'competitive bid' appears in the definitions of these other terms on BusinessDictionary.com

rejected bid, apparent low bidder, auction exchange, informal bid, stock exchange

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