| 单词 | Competitive Bid Auction |
| 释义 | Competitive Bid Auction 竞争性标售 发行政府公债时常用的标售方法。竞标者提出欲购买的数量及价格，债券按竞标者的需求及由此决定的利率分配，先满足最高价的投标，然後自上而下分配直至售出整批债券。 参见Dutch Auction(荷兰式标售)，Non-competitive Bid Auction(非竞争性标售)。 "An auction method commonly used to issue government bonds, with underwriters submitting bids for certain amounts. The bonds are then allocated according to the level of demand, at rates determined by the level of the bids. The highest bids are allocated their requests in full. The remaining bids are met in descending order until the issuer has sold the required amount of bonds.See also: Dutch Auction, Non-competitive Bid Auction" |
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