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Glossary > C > "Competitive Bid" Definition

Competitive Bid

A process whereby an underwriter submits a sealed bid to the issuer. The issuer awards the contract to the underwriter with the best price and contract terms.

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Competitive Bid - A process whereby an underwriter submits a sealed bid to the issuer. The issuer awards the contract to the underwriter with the best price and contract terms.

Competitive Bid : a process whereby an underwriter submits a sealed bid to the issuer. the issuer awards the contract to the underwriter with the best price and contract terms.