| 单词 | noncompetitive tender |
| 释义 | noncompetitive tenderDefinition An offer (called a "bid") by an investor to purchase a debt issue, such as US Treasury bonds, whereby the price is determined by the average discount rate or yield of all bids made. The minimum tender is typically $10,000 for issues offered through a Federal Reserve Bank or commercial banking institution. Also called non-competitive bid. |
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