NONCOMPETITIVE TENDER
\nˌɒnkəmpˈɛtɪtˌɪv tˈɛndə], \nˌɒnkəmpˈɛtɪtˌɪv tˈɛndə], \n_ˌɒ_n_k_ə_m_p_ˈɛ_t_ɪ_t_ˌɪ_v t_ˈɛ_n_d_ə]\
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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.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).