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English definition of “bid costs”

bid costs

noun [plural]
 
 
ACCOUNTING, MONEY
the money paid to all the people involved when one company tries to buy another, for example, lawyers, accountants, and bankers: The company announced losses of £18m rather than the expected £55m profit after having to change its accounting for bid costs.
(Definition of bid costs from the Cambridge Business English Dictionary © Cambridge University Press)
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