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SEALED BID

1 definition found across Law Mind sources

sealed bidnoun
Wiktionary (English) • 2026
Wiktionary contributors (https://en.wiktionary.org/wiki/sealed_bid#English) • CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0/) • via Kaikki (https://kaikki.org/dictionary/English/)
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A cost estimate, or a proposal to buy something, the value of which is kept secret from competitors until all such bids have been made.

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