Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,105,322 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Cover Bid

    0.01 sec.
Cover Bid
In an auction or other competitive sale, the second-highest bid. The term carries a slight connotation that the bidder was a plant who was simply trying to drive the price higher. This may or may not imply collusion.
cover bid
The second-highest bid in a competitive sale.
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.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
No references found
 
It added that in 11 instances, the lowest bidder faced no genuine competition at all as all other companies involved in the tender had put down cover bids.
Building firms face fines for collusion by Huddersfield Daily Examiner (Huddersfield, England)
Set public hearings for comprehensive plan amendments, zone changes and ordinance amendment; reservoir cover bid award; utility trench patching quotations.
CALENDAR by The Register-Guard (Eugene, OR)
At that time, Schwab was not aware that the lead underwriters were routinely propping up the auction market by submitting cover bids to prevent auctions from failing.
Charles Schwab & Co., Inc. Responds to New York State Attorney General by Business Wire
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.