Bidder

Business / Finance / Bidder: A firm or person that wants to buy a firm or security.

Auction

Business / Real Estate / Auction: Selling property to the highest bidder. MORE

Duty

Business / Finance / Duty: A form of adjustable-rate preferred stock in which the dividend is ascertained in a Dutch auction process by corporate bidders every seven weeks. MORE

Treasury Bill (T-Bill)

Business / Taxes / Treasury Bill (T-Bill): Treasury bills are the shortest-term government debt securities. They are issued with a maturity date of 4, 13, or 26 weeks. The 13- and 26-week bills are sold weekly by competitive auction to institu MORE

Noncompetitive Bid

Business / Finance / 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. MORE

White Knight

Business / Finance / White Knight: A person who has knowledge of fraudulent activities inside a firm or government agency, who is protected from the employer's retribution by federal law. MORE

Dutch Auction

Business / Finance / Dutch Auction: A common gauge of the price sensitivity of a fixed income asset or portfolio to a change in interest rates. MORE

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