Money Markets

Competitive Bid

Definition

What is Competitive Bid?

An auction bid specifying the quantity and yield or price requested.

Example in practice

A bank bids for ₦500 million of bills at a stated yield.

Keep learning

A short-term government debt instrument usually issued at a discount and repaid at face value.

Short-term unsecured debt issued by a company.

A time deposit or tradable bank instrument that pays interest over a stated term.

A portfolio of debt instruments with maturities spread across regular intervals.

Think you know your investing terms?

Put your knowledge to the test with a quick quiz.