Coaxial cable, or coax (pronounced / Ë k oÊ. Ã¦ k s /), is a type of electrical cable that has an inner conductor surrounded by a tubular insulating layer, surrounded by a tubular conducting shield.
DEFINITION of 'Bid Rigging'. A scheme in which businesses collude so that a competing business can secure a contract for goods or services at a pre-determined price.Bid rigging stifles free-market competition, as the rigged price will be unfairly high. The Sherman Act of 1890 makes bid rigging illegal under U.S. antitrust law. scheme in which businesses collude so that a competing business can secure a contract for goods or services at a pre-determined price. Bid rigging stifles free-market competition, as the rigged price will be unfairly high.
Bid rigging is an illegal practice under the criminal or competition laws of most developed countries. Depending on the jurisdiction, it is punishable by fines, imprisonment or both. Bid rigging fraud can be resisted naturally by either side choosing to not participate in the auction.id rigging is an illegal practice under the criminal or competition laws of most developed countries. Depending on the jurisdiction, it is punishable by fines, imprisonment or both. Bid rigging fraud can be resisted naturally by either side choosing to not participate in the auction.