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1586 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

Showing 1 term

L1 bidder

Fundamental analysis
Also called: L1, Lowest evaluated bidder

The lowest evaluated bidder in a tender — expected to be awarded the contract, but not yet awarded it.

In plain terms

L1 is a price, not an order. The letter of award may follow, or the tender may be re-floated, split, cancelled or challenged. Some companies include L1 positions in the order book; the test is whether they say how much.

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Indian stock market glossary · Market Vidyalaya