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bid down |
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bid something down to lower the value of something, such as stock, by offering a lower price for it each time it comes up for sale. We bid the price down and then bought all of it. I could see that the traders were bidding down the price, but I didn't want to take the risk. See also: bid How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Last week EDF came within a whisker of agreeing a deal with the British Energy board but the 765p-a-share price failed to meet the expectations of two key shareholders, Invesco and M&G, forcing the board to turn the bid down. But if the loan gets fully funded and more lenders want it, the rate will be bid down until bidding closes. There was a hope that things really weren't that bad and that the market would have been able to bid down the Fed and take the money at a cheaper rate," Marta explained. |
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