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Competitive bidding |
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Competitive biddingA securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell.Competitive bidding Similar MatchesCompetitive biddersCompetitive biddersOne of two categories of bidders on Treasury securities: competitive and noncompetitive. Competitive bidders are usually financial institutions. Registered competitive market makerRegistered competitive market makerAn NASD-registered NASD who acts as a NASD for a designated NASD NASD by buying and selling that NASD to maintain stability. Registered Competitive Market MakerRegistered Competitive Market MakerIdentifies New York Stock Exchange (NYSE) floor members with a specific NYSE-imposed obligation to enhance the quality of NYSE markets by injecting their own or their firms' capital into difficult market-making situations. At the request of an Exchange official, an RCMM must make a bid or offer that narrows an existing quote spread or improves its depth. An RCMM may also be asked to assist a commission broker or floor broker in executing a customer's otherwise unexecutable order. CompetitiveCompetitiveUsed alone, this usually means perfectly competitive. Contrasts with imperfectly competitive. Perfectly competitivePerfectly competitiveRefers to an economic agent (firm or consumer), group of agents (industry), model, or analysis that is characterized by perfect competition. Contrasts with imperfectly competitive. Further SuggestionsImperfectly competitiveNoncompetitive bid Perfectly competitive financial markets Competitive advantage Noncompetitive tender Competitiveness Global competitiveness Competitive offering |
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