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Competitive offering |
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Competitive offeringAn offering of securities through competitive bidding.Competitive offering Similar MatchesNoncompetitive tenderNoncompetitive tenderOffer 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. Competitive advantageCompetitive advantageCompetitiveness. Contrasts with comparative advantage. Perfectly competitive financial marketsPerfectly competitive financial marketsMarkets 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. 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. Competitive biddingCompetitive biddingA securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. Further SuggestionsNoncompetitive bidPerfectly competitive Competitiveness Competitive bidders Global competitiveness Competitive Imperfectly competitive Registered competitive market maker |
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