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

CONTINGENT is a result that is determined by conditions or circumstances not yet established.

ACCUMULATED DEPRECIATION is the cumulative charges against the fixed assets of a company for wear and tear or obsolescence.

Suggest a Term

Enter Search Term

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