What Is Bid Deduct? Bid deduct refers to when contractors’ bids for a project exclude the cost of providing workers’ compensation, general liability, and excess liability insurance because insurance is already provided by the owner of the project through an owner-controlled insurance program (CIP). The bid deduct methodology will reduce the amount a contractor bids
What Is a Bidder? In a market, a bidder is a party offering to buy an asset from a seller at a specific price. A bidder can be an individual or organization, and the potential purchase can be part of a multiparty transaction or an auction. In most cases, the party selling the asset chooses
What is a Bidding Ring A bidding ring is a group of individuals or businesses that collude to keep low the prices of assets for sale at auction by not bidding against each other. Bidding rings are a form of collusion to help each member obtain the best price to the exclusion of non-members. Members of a bidding ring
What Is a Bidding War? A bidding war refers to a circumstance in which two or more prospective property buyers compete for ownership through incrementally increasing bids. Often a bidding war occurs in real estate when housing stock is low in a popular location. Key Takeaways A bidding war occurs when two or more entities
What Is Biflation? Biflation is the simultaneous occurrence of inflation and deflation in an economy. Biflation, is essentially a misnomer, since the concepts of inflation and deflation both refer to a general rise or decline in all prices, respectively, rather than to a relative change in prices among different economic goods or asset classes. Biflation
What Is Bifurcation? Bifurcation is the splitting of a larger whole or main body into two smaller and separate units. Bifurcation can occur when one company divides into two separate divisions, thereby creating two new companies that can each sell or issue shares to stockholders. Companies may seek bifurcation for certain tax advantages. How Bifurcation
What Is a Big Bath? A big bath is an accounting term that is defined by a company’s management team knowingly manipulating its income statement to make poor results look even worse in order to make future results appear better. It is often implemented in a relatively bad year so that a company can enhance
What Is the Big Board? The “Big Board” is a nickname for the New York Stock Exchange (NYSE), located at 11 Wall Street, New York City, New York. The New York Stock Exchange, or Big Board, is the oldest stock exchange in the United States. Key Takeaways The “Big Board” is a slang term used
What Is Big Data? Big data refers to the large, diverse sets of information that grow at ever-increasing rates. It encompasses the volume of information, the velocity or speed at which it is created and collected, and the variety or scope of the data points being covered (known as the “three v’s” of big data). Big
Big Figure: An Overview The term big figure refers to the stem, or whole dollar value, of a price quote. It is most often used in international currency markets, where it is often abbreviated as “big fig.” In the U.S., big figure is also referred to as the “handle.” The big figure is usually omitted
