competitive bid
A bid submitted in response to public notice of an intended sale or purchase.
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competitive bidding
competitive bidding 竞争性投标 由投标者〔bidder〕递交投标书，招标者从中选出最合适的人与其签订合同的一种公开招标方式。
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bid
bid, n. 1. A buyer’s offer to pay a specified price for something that may or may not be for sale (a bid at an auction) (a takeover bid). best bid. The highest auction bid; in the letting of a contract, the lowest bid by a qualified bidder. [Cases: Auctions and Auctioneers 7. C.J.S. Auctions
recognized market
A market where the items bought and sold are numerous and similar, where competitive bidding and bartering are not prevalent, and where prices paid in sales of comparable items are publicly quoted. • Examples of recognized markets include stock and commodities exchanges. Under the UCC, a secured creditor may, upon the debtor’s default, sell the
auction market
A market (such as the New York Stock Exchange) in which securities are bought and sold by competitive bidding through brokers. Cf. negotiated market.