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Competitive Bidders |
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Competitive bidders One of two categories of bidders on Treasury securities: competitive and noncompetitive. Competitive bidders are usually financial institutions. Competitive Bidders Institutions that make sealed bids to a bond issuer containing a prospective price and terms for an issue. On the close date of bidding, the issuer picks the best price and terms from among the competitive bidders. Competitive bidding is one of two processes by which the U.S. Government issues Treasury securities. This is also used for various other ventures, from IPOs to project finance. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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