INVITATION FOR BID - IFB
A process where a company or an organization gives an in-depth detailed project specifications and lets contractors to present their proposals that denotes how much the project will cost to finish it. IFB focuses on the bidder’s price to complete a project and gives less emphasis on the bidder’s own ideas. Sealed bids are opened at the predetermined time and recorded. A contract will be awarded to the best bid. Also known as request for quote.
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Concentration Ratio
Ratio indicating the relative size of companies in respect to their industry in general. Low concentration ratio denotes higher competition among t ...
Back-To-Back Letters Of Credit
Two letters of credit (LCs) utilized together to aid a merchant in financing the buying of services or equipment from a subcontractor. With the aut ...
Stock Market Crash of 1987
Rapid and one of the most severe downturn in stock prices which took place on October 19, 1987. Following five days of intensifying stock market pl ...
Z-Score
“Z-Score” is a statistical measurement showing the relationship of the score to the mean. It can be positive or negative, which means t ...
Premium
The total cost of an option.
The difference between the higher price paid for a fixed-income secur ...
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