What is Stalking-horse Bid?
1.
An initial offer on a bankrupt company's assets by a potential buyer choosen by the fallen company.
Pete: I heard Cogswell Cog's is going bankrupt.
John: Yes, I heard Spacely Sprockets put a bid in to buy them.
Pete: Yeah I heard that too... but the way I heard it, Spacey just put in a stalking-horse bid and may not want Cogswell at all.
See
Random Words:
1.
A form of storage for clothing which requires no hangers, drawers, doors or effort. Simply drop on the floor and you have a floordrobe.
..
1.
A person who fakes being sick to get out of work. Also, one who knows there is a large work project going on and decides to act sick to..
