Money Markets

Non-Competitive Bid

Definition

What is Non-Competitive Bid?

An auction bid that accepts the yield or price determined by competitive bidding, subject to applicable rules.

Example in practice

A small investor requests bills without specifying a 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.

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