Financial and business terms. 2012.
Competitive Bid Auction — An auction method commonly used to issue government bonds, with underwriters submitting bids for certain amounts. The bonds are then allocated according to the level of demand at rates determined by the level of the bids. The highest bids are… … Financial and business terms
auction — A common method of issuing gilts. Similar to a tender offer. In an auction, investors apply to buy the new gilts being issued, specifying the amount they wish to purchase and the price they are prepared to pay. The new gilts will be issued to… … Financial and business terms
Auction theory — is an applied branch of game theory which deals with how people act in auction markets and researches the game theoretic properties of auction markets. There are many possible designs (or sets of rules) for an auction and typical issues studied… … Wikipedia
Auction — Auctioneer redirects here. For the DC Comics supervillain, see Auctioneer (comics). An auctioneer and her assistants scan the crowd for bidders. An auction is a process of buying and selling goods or services by offering them up for bid, taking… … Wikipedia
Auction rate security — An auction rate security (ARS) typically refers to a debt instrument (corporate or municipal bonds) with a long term nominal maturity for which the interest rate is regularly reset through a dutch auction. It could also refer to a preferred stock … Wikipedia
Vickrey auction — A Vickrey auction is a type of sealed bid auction, where bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins, but the price paid is the second highest bid. The auction was created by… … Wikipedia
Treasury Automated Auction Processing System - TAAPS — A computer network system developed by the Federal Reserve (and facilitated by its banks) to process the tenders received for treasury securities. The treasury securities are traded through an auction process in the primary market. Tenders are… … Investment dictionary
Forcing bid — In the card game contract bridge, a forcing bid is any bid that obliges the partner to bid over an intermediate opposing pass. Owing to the partnership s bidding system or a bridge convention, partner must keep the bidding open [1], i.e. not pass … Wikipedia
Most expensive cars sold in auction — This is a list of the most expensive cars sold in auto auctions through the traditional bidding process, consisting of those that attracted headline grabbing publicity, mainly for the high price their new owners have paid. The current record is… … Wikipedia
Demsetz auction — A Demsetz auction is a system which awards an exclusive contract to the agent bidding the lowest price. This is sometimes referred to competition for the field. It is in contrast to competition in the field, which calls for two or more agents to… … Wikipedia
