Assertion: auction's bid | /r/HasProperty | submitted by individual
Facets:
value: generally
type: DEGREE
value: simultaneously
type: MANNER
value: to purchase debt issues
type: PURPOSE
Source sentences:
text: Non-competitive bids are the ones submitted by individuals and smaller institutions to purchase debt issues (governmental securities) on the primary market.
text: Two of the most common types of auctions are the open auction the bidding price is publicly announced in ascending order (i.e., an English auction) or descending order (i.e., a Dutch auction) and the closed auction sealed bids are submitted simultaneously and the winner is the individual submitting the highest bid or, less frequently, the second-highest bid (i.e., a Vickery auction).
text: Non-competitive bids are generally submitted by small investors and individuals.