PREFERRED BIDDER Definition

Bookmark and Share

PREFERRED BIDDER is the bidder who is selected by the vendor, usually to some predetermined criteria, as being the party to whom it intends to sell the business, or award a contract, subject to the completion of negotiations and legal arrangements.

Learn new Accounting Terms

AUDIT REPORT is a signed, written document which presents the purpose, scope, and results of the audit. Results of the audit may include findings, conclusions (opinions), and recommendations.

COMMISSION is remuneration proportional to sales volume; stated as a percentage or monetary amount.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.