Competitive Tender
A method of distributing debt issues. Bids are submitted by primary distributors and those who bid the highest receive the debt issue.

Investopedia Says:
This is a method of distribution used primarily by the Bank of Canada.

Related Terms:
Bank of Canada
Debt
Primary Market
Tender

• Naked Shorting
• Named Perils Insurance Policy
• Nano Cap
• Narrow-Based Weighted Average
• Narrow Basis
• Narrow Money
• Nasdaq
• Nasdaq
• Nasdaq-100 After Hours Indicator
• Nasdaq 100 Index
• Nasdaq Composite Index
• Nasdaq National Market Securities (Nasdaq-NM)
• NASD Rule 2790
• Nash Equilibrium
• National Association Of Insurance And Financial Advisors - NAIFA
• National Association Of Insurance And Financial Advisors - NAIFA
• National Association of Insurance Commissioners (NAIC)
• National Association of Investors Corporation (NAIC)
• National Association of Investors Corporation (NAIC)
• National Association Of Mortgage Brokers (NAMB)
• National Association Of Mortgage Brokers (NAMB)
• National Association Of Real Estate Investment Trusts (NAREIT)
• National Association Of Real Estate Investment Trusts (NAREIT)
• National Association Of Securities Dealers (NASD)
• National Association Of Securities Dealers (NASD)