Noncompetitive Tender
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Noncompetitive Tender

Noncompetitive Tender

A bid made by a small investor to purchase a debt issue that has its price based on the average price of all competitive bids submitted.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.