单词 | 非竞争投标拍卖 |
释义 | 非竞争投标拍卖 Non-competitive Bid Auction 一种不用出价的竞标方式,美国拍卖公债时常用。非竞争投标主要是为小额投资者所设,支付的价格是竞争性投标者的平均出价。如果非竞争投标者可优先得标,竞争性投标者的得标额可能会显着减少。 "An auction which allows bids for quantity rather than price, particularly for government securities. The non-competitive bidder pays the average price determined by the competitive bidders. These bids allow small investors to participate in the auction. Non-competitive bids are given priority and are awarded in full, so they can reduce the amounts available to competitive bidders." |
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