Competitive Bid Option

Business, Legal & Accounting Glossary

Definition: Competitive Bid Option


Competitive Bid Option


Full Definition of Competitive Bid Option


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.


Cite Term


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https://payrollheaven.com/define/competitive-bid-option/
Modern Language Association (MLA):
Competitive Bid Option. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 06, 2021 https://payrollheaven.com/define/competitive-bid-option/.
Chicago Manual of Style (CMS):
Competitive Bid Option. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/competitive-bid-option/ (accessed: December 06, 2021).
American Psychological Association (APA):
Competitive Bid Option. PayrollHeaven.com. Retrieved December 06, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/competitive-bid-option/

Definition Sources


Definitions for Competitive Bid Option are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.