open bid


open bid
open bid open bid bid1

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open bid UK US noun [C] COMMERCE
an offer to supply goods or services at a particular price that is not kept secret, so that other companies can offer to supply the goods, etc. at a lower price if they want to : »

Open bids for running water services are seen by companies as a way of increasing earnings and share price.

a price that someone offers to pay for something that is not kept secret: »

The open bid of $1.5 million eclipsed our reserve of $1 million.

Compare CLOSED BID(Cf. ↑closed bid), SEALED BID(Cf. ↑sealed bid)

Financial and business terms. 2012.

Look at other dictionaries:

  • open bid — An offer to perform a contract, generally of a construction nature, in which the bidder reserves the right to reduce his or her bid to compete with a lower bid. Dictionary from West s Encyclopedia of American Law. 2005. open bid …   Law dictionary

  • open bid — advertised bidding, bidding that is not limited to specific participants …   English contemporary dictionary

  • bid — 1 / bid/ vb bid, bid·ding vt: to offer (a price) for payment or acceptance vi: to make a bid: state what one will pay or take in payment a contractor bidding for a job bid·der n bid 2 …   Law dictionary

  • bid — An expression indicating a desire to buy a commodity at a given price, opposite of offer. Chicago Board of Trade glossary The request to buy a futures contract at a specified price; the opposite of offer. The CENTER ONLINE Futures Glossary bid or …   Financial and business terms

  • bid — An offer by an intending purchaser to pay a designated price for property which is about to be sold at auction. An offer to perform a contract for work and labor or supplying materials or goods at a specified price. Public contracts are… …   Black's law dictionary

  • bid — An offer by an intending purchaser to pay a designated price for property which is about to be sold at auction. An offer to perform a contract for work and labor or supplying materials or goods at a specified price. Public contracts are… …   Black's law dictionary

  • bid — 01. Sony Corp. made an unsuccessful [bid] to take over MGM Studios. 02. Bob Dole made an unsuccessful [bid] for the presidency of the U.S. 03. Dick [bid] $100 on a bicycle at the auction, but it eventually sold for $150. 04. The [bidding] for a… …   Grammatical examples in English

  • open — verb To render accessible, visible, or available; to submit or subject to examination, inquiry, or review, by the removal of restrictions or impediments @ open a case In practice, to open a case is to begin it; to make an initiatory explanation… …   Black's law dictionary

  • Open interest — (also known as open contracts or open commitments) refers to the total number of derivative contracts, like futures and options, that have not been settled in the immediately previous time period for a specific underlying security. A large open… …   Wikipedia

  • Open market operations — (also known as OMO) is the buying and selling of government bonds on the open market by a central bank. It is the primary means of implementing monetary policy by a central bank. The usual aim of open market operations is to control the short… …   Wikipedia


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