The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

NONCOMPETITIVE TENDER Definition & Legal Meaning

Definition & Citations:

An investor’s bid to gaining possession of a debt issue whose price depends on the yield or average discount rate of all bids combined. A minimum price of $10,000 is the standard for debt issues, such as the US Treasury bond, offered by the Federal Reserve Bank.


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