Glossary of Municipal Securities Terms

BID FORM

A document, often included with the notice of sale for a competitive bid underwriting, to be completed by underwriters submitting a bid on a new issue of municipal securities to be sold at a competitive sale. A bidding underwriter will state on the bid form its proposed interest rate(s) on the issue and the price it would be willing to pay for the new issue (subject to any conditions stated by the issuer in the notice of sale). See: BIDDING LIMITATIONS; COMPETITIVE SALE; NOTICE OF SALE.

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