| 单词 | tender issue |
| 释义 | tender issue An issue of Treasury bill by inviting bids or tenders for a stated quantity, and accepting the bids from those offering the highest price. The actual sales are at the market-clearing price, bids at or above which are sufficient to take up the supply of bills on offer. This is contrasted with a tap issue, where bills are made available at a stated price in whatever quantities are needed to absorb the spare cash of government bodies. |
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