A ..... bid is, for a single-price auction, a bid to purchase a stated par amount of securities at the highest yield or discount rate awarded to competitive bidders; for a multiple-price auction, it is a bid to purchase securities at the weighted average yield or discount rate of awards to competitive bidders. (*) collaborative (*) noncompetitive (*) passive (*) residual
This is a companion discussion topic for the original entry at https://english.best/questions/10488,a-___-bid-is-for-a-single-price-auction-a-bid-to-purchase-a-stated-par-amount-of-securities-at-the-highest-yield-or-discount-rate-awarded-to-competitive-bidders-for-a-multiple-price-auction-it-is-a-bid-to-purchase-securities-at-the-weighted-average-yield-or-discount-rate-of-awards-to-competitive-bidders/