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
How This Looks in Practice
A small investorA person or organisation that commits capital with the expectation of a financial return. requests bills without specifying a yield.
Keep learning
Related Terms
Money Markets
Treasury Bill
A short-term government debt instrument usually issued at a discount and repaid at face value.
Money MarketsCommercial Paper
Short-term unsecured debt issued by a company.
Money MarketsCertificate of Deposit
A time deposit or tradable bank instrument that pays interest over a stated term.
Fixed Income StrategiesMaturity Ladder
A portfolio of debt instruments with maturities spread across regular intervals.