A price offer in bidding is called a bid price. Someone bidding on something, like at an auction, can bid on the item, which is called the bid price.
A bid.
Informal trading bypasses the bid process which often results in the best prices and terms. Formal trading paractices are required by most companies as they insure an ethical situation and the best deal.
Informal trading bypasses the bid process which often results in the best prices and terms. Formal trading paractices are required by most companies as they insure an ethical situation and the best deal.
A non-binding contract is considered to be an informal contract. It means both the buyer and the seller are not legally obligated to go through with the bid.
notes
The Battle of Waterloo.
slang
An informal presidential advisory group that is made up of close friends and specialists is called the ...
Kitchen Cabinet
Straw poll
informal Settlements