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Noncompetitive bid

• In a Treasury auction, bidding for a specific amount of securities at the price, whatever it may turn out to be, equal to the average price of the accepted competitive bids.

• In a Treasury auction, bidding for a specific amount of securities at the price, whatever it may turn out to be, equal to the average price of the accepted competitive bids.

 
 Embedded terms in definition
 Average price
Average
Competitive bid
Out
Securities
 
 Related Terms
 Bid
Bid asked spread
Bid form
Bid price
Competitive bid
Dutch auction bid
Fixed price tender bid
Penalty bid

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