two-tier bid

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Definitions from WordNet

Noun two-tier bid has 1 sense

two-tier bid - a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares
--₁ is a kind of takeover bid

Definitions from the Web

Two-Tier Bid

Definition:

A two-tier bid refers to a bidding process in which two different price levels are offered for a particular product, service, or contract.

Parts of Speech:

Noun

Senses and Usages:

Sense:

In business and procurement,

Sample Sentence:

The government contract was awarded based on a competitive two-tier bid system.

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