Competitive biddersOne of two categories of bidders on Treasury securities: competitive and noncompetitive. Competitive bidders are usually financial institutions.
Global competitivenessGlobal competitiveness
Competitiveness, applied internationally.
Usually refers to characteristics that permit a firm to compete effectively with other firms due to low cost or superior technology, perhaps internationally. When applied to nations, instead of firms, the word has a mercantilist connotation.
Used alone, this usually means perfectly competitive. Contrasts with imperfectly competitive.
Competitive offeringCompetitive offering
An offering of securities through competitive bidding.
Perfectly competitive financial marketsPerfectly competitive financial markets
Markets in which no trader has the power to change the price of goods or services. Perfect capital markets are characterized by certain conditions: (1) Trading is costless, and access to the financial markets is free; (2)information about borrowing and lending opportunities is freely available; and (3) there are many traders, and no single trader can have a significant impact on market prices.
Further SuggestionsRegistered competitive market maker
Registered Competitive Market Maker