Competitive Tender

	Definition of 'Competitive Tender' A method of distributing debt issues. Bids are submitted by primary distributors and those who bid the highest receive the debt issue.
	Investopedia explains 'Competitive Tender' This is a method of distribution used primarily by the Bank of Canada.

Related Definitions

Bank Of Canada - BOC

The central bank of Canada, that came into existence after the passing of the Bank of Canada Act in 1935, influences the country's economy and money supply.
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Debt

An amount of money borrowed by one party from another. Many corporations/individuals use debt as a method for making large purchases that they could not afford under normal ...
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Primary Market

A market that issues new securities on an exchange. Companies, governments and other groups obtain financing through debt or equity based securities. Primary markets are facilitated by ...
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- Tender
  
  1. To accept a formal offer, such as a takeover bid or tender offer. 2. A means of settlement in a financial transaction. 3. A bid to buy treasury bills. 4. A notice from a ...
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