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.

Investopedia Says:
This process is used for everything from IPOs to large construction projects.

Related Terms:
Initial Public Offering - IPO
Negotiated Underwriting
Public Offering Price - POP
Underwriting

• Euro
• Eurobank
• Eurobond
• Eurocheck
• Euroclear
• Eurocommercial Paper
• Eurocommercial Paper
• Eurocredit
• Eurocurrency
• Eurocurrency Market
• Euro Deposit
• Eurodollar
• Eurodollar Bond
• Euroequity
• Euro Interbank Offer Rate (EURIBOR)
• Euro Interbank Offer Rate (EURIBOR)
• Euro LIBOR
• Euromarket
• Euro Medium Term Note (EMTN)
• Euro Medium Term Note (EMTN)
• Euronext
• Euro Notes
• Euro Overnight Index Average (EONIA)
• Euro Overnight Index Average (EONIA)
• European Callable Bond