Business, Legal & Accounting Glossary
A form of the commercial loan syndication where banks submit competing bids on a loan. The winning bank can also sell its portion of the ownership of said loan to other parties in order to have quicker access to loan payment proceeds.
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Definitions for Competitive Bid Option are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.