Competitive biddersOne of two categories of bidders on Treasury securities: competitive and noncompetitive. Competitive bidders are usually financial institutions.
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.
Used alone, this usually means perfectly competitive. Contrasts with imperfectly competitive.
Global competitivenessGlobal competitiveness
Competitiveness, applied internationally.
Imperfectly competitiveImperfectly competitive
Refers to an economic agent (firm or consumer), group of agents (industry), model, or analysis that is characterized by imperfect competition. Contrasts with perfectly competitive.
Noncompetitive tenderNoncompetitive tender
Offer by an investor to purchase Treasury securities at a price equivalent to the weighted average discount rate or yield of accepted competitive bids in a Treasury auction. Noncompetitive tenders are always accepted in full.
Further SuggestionsCompetitive offering
Registered Competitive Market Maker
Registered competitive market maker