Noncompetitive bid
In a Treasury auction, bidding for a specific amount of securities at the price, whatever it may turn out to be, equal to the average price of the accepted competitive bids. |
Similar financial terms
Bid priceThe price at which a market maker is prepared to buy a security.
LIBID
The London Interbank Bid Rate (LIBID) is the rate bid by banks on Eurocurrency deposits (i.e. the rate at which a bank is willing to borrow from other banks)
Bid-asked spread
The difference between the bid and asked prices.
Bidder
A firm or person that wants to buy a firm or security.
Competitive bidding
A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell.
