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Dutch auction |
Also found in: Financial, Idioms, Encyclopedia, Wikipedia, Hutchinson | 0.06 sec. |
Dutch auction n
(Business / Commerce) an auction in which the price is lowered by stages until a buyer is found ThesaurusLegend: Synonyms Related Words Antonyms
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About five years ago, banking companies weren't doing regular stock buybacks or Dutch auctions, observes Frank Cicero, vice president at Keefe Bruyette & Woods, a New York investment bank that is acting as dealer manager for the Peoples Heritage auction. Interest on the class A-3, A-4, and B notes is determined by Dutch auctions to be held every 28 days and payable on the first business day following each auction date. Fannie Mae conducts Dutch auctions, or single price auctions, on a weekly basis accepting both competitive and non-competitive bids through a web based auction system. |
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