NONCOMPETITIVE BID, in securities, is a bid allowed to be placed on a noncompetitive basis by the U.S. Treasury at one of its securities auctions. A bidder in this case does not specify the price at which it wishes to purchase these securities. However, at the close of bidding, it is awarded all or part of the number of bonds it asked for at the average price of all the accepted competitive bids.
IAS see INTERNATIONAL ACCOUNTING STANDARDS.
PORTFOLIO is a term for describing all the investments that an entity owns. A diversified portfolio contains a variety of investments.
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