Noncompetitive tender

Noncompetitive tender,

Definition of Noncompetitive tender:

  1. An offer (called a bid) by an investor to purchase a debt issue, such as US Treasury bonds, whereby the price is determined by the average discount rate or yield of all bids made. The minimum tender is typically $10,000 for issues offered through a Federal Reserve Bank or commercial banking institution. Also called non-competitive bid.

Meaning of Noncompetitive tender & Noncompetitive tender Definition