Oxford Business English Dictionary for Learners of English

'bid bond noun [c] (Law) an amount of money that a company that wins a contract agrees to pay if it does not do the work

bidder /'bida(r)/ noun [c] (Commerce)

a person or group that offers to pay an amount of money to buy sth: The company's assets will be sold to the highest bidder.

a person or group that offers to do work or to provide a service for a particular price, in competition with others: The group is one of six bidders competing for the $500 million contract.

bidding /'bidiq/ noun [U] (Commerce) the act of offering an amount of money to buy sth, especially at an auction: Several companies remain in the bidding, о Online bidding allows bidders all over the world to participate.

,bsd-'offer spread (also spelled ,bid/'offer spread) (also ,bid/'ask spread, spread) noun [c] (Stock Exchange) the difference between the price a dealer will pay when buying particular shares, bonds, etc. (the bid price) and accept when selling them (the offer price)

'bid price noun [c] (Stock Exchange) the amount that a dealer will pay when buying particular shares, bonds, etc. -> asked price, offer price

'bid .rigging noun [u] (Commerce)

when two or more businesses who are competing to do work or provide services for a company, an organization, etc. secretly work together to gain an advantage for themselves and deceive the company buying the work or services. This is an illegal practice.

when two or more people agree not to bid against each other at an auction in order to keep the price of the item lower than it should be. This is an illegal practice.

biennial /bai'enial/ adjective [usually before noun] happening once every two years: a biennial convention ► bi'ennially adverb -> annual,

biannual

BIFFEX /'bifeks/ abbr the Baltic International Freight Futures Exchange a market in London where people buy and sell contracts relating to the cost of transporting particular amounts of raw materials on specific dates in the future (futures contracts)

big /big/ adjective, adverb

adjective

ГНЛ1 a ,big 'cheese (informal) a humorous way of referring to an important and powerful person in an organization the big enchilada (AmE) (informaf) a humorous way of referring to the most important and powerful person, department, etc. in an organization: Customer Service is the big enchilada, a big 'gun (informal) a person in a particular organization or area who has a lot of influence or power: They're bringing in the big guns. a big 'noise/'shot (informal) an important person: We can't just wait for some big shot to come and save the company, the .big 'picture (informal) the situation as a whole: We need to look at the big picture before focusing on the details, the big 'three, 'four, etc. the three, four, etc. most important countries, companies, people, etc.

adverb-* idioms at hit verb, make verb

,Big'Bang noun [sing.] (Stock Exchange) the major changes that were made to the London Stock Exchange in 1986 in order to improve it (figurative): The management adopted a

Bsg Board 48

big bang approach to introducing the newcomputer system (= made the changes suddenly and all at the same time), the,Big'Board noun [sing.] an informal name for the New York Stock Exchange: Prices fell on the Big Board, о Big Board prices/stock big 'bucks noun [pi.] (AmE) (informaf) a large amount of money: She'll be earning big bucks soon!

,big 'business noun [u]

large companies which have a lot of power and influence, considered as a group: links between politics and big business

something that has become important because people are willing to spend a lot of money on it: Health and fitness have become big business.