In tender process, the deposit made to a seller showing the buyer’s good faith is termed as_________.

Related MCQs

• A document, comprising of description of terms and conditions for a specific task, set tender period and closing date, is known as_______________’
• A tender printed in a newspaper and in which anyone can participate in the bid is called ________________.
• In _____________, the bidders have to quote the price of each item mentioned in the invitation for tender.
• What should an invitation to tender include?
• An invitation to tender is ______________________________.
• A tender is in the nature of ________________.
• Buyers can have an opportunity to find some rare and unique items and collections in ___________auction.
• Good command over English is ________ for good commercial communication.
• In future trading, both the ____________ and the seller are bound by an agreement to buy or sell on a future month at a pre-determined price.
• A person, who acts as an intermediary between a buyer and seller usually charging a commission, is called ______.