Dictionary from West's Encyclopedia of American Law. 2005.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
open bid — ➔ bid1 * * * 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… … Financial and business terms
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
