The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
sealed bid — ➔ bid1 * * * sealed bid UK US noun [C] ► an offer to buy something at a particular price that is given to the seller in a closed envelope so that it remains secret until all offers are opened together: »a sealed bid procedure/process »The couple… … Financial and business terms
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
sealed — Authenticated by a seal; executed by the affixing of a seal @ sealed and delivered These words, followed by the signatures of the witnesses, constitute the usual formula for the attestation of conveyances @ sealed bid @ sealed instrument An… … Black's law dictionary
sealed-bid auction — ➔ auction1 * * * sealed bid auction UK US noun [C] ► COMMERCE an auction in which buyers are given just one chance to make a secret offer, without knowing the amount of other offers: »The price paid was more than the market was expecting and… … Financial and business terms
sealed-bid tender — UK US noun [C] ► COMMERCE a system in which companies offer to do a job for a particular price without knowing what offers have been made by other companies. The job is usually given to the company making the lowest offer, after all the offers… … Financial and business terms
sealed bid — n. A bid for a job submitted by a contractor in a sealed envelope; all sealed bids are opened at the same time and the job is awarded to the lowest bidder. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy… … Law dictionary
sealed bid tender — ➔ tender1 … Financial and business terms
sealed bid — sealed bid, a confidential bid, as for a contract, usually submitted in a sealed envelope … Useful english dictionary
