Common use of Types of Bids Clause in Contracts

Types of Bids. You can make manual bids by browsing through listings and placing a bid on the listing or listings that you choose. You can also bid by making a “portfolio plan” by indicating the aggregate amount of your funds to be bid on listings that meet your specified criteria, the maximum amount that may be bid on one listing, the minimum yield percentage you are willing to receive, and the specific borrower or loan criteria (for example, Prosper Rating, borrower income or employment characteristics, group affiliation, debt-to-income ratio, etc.) for the listings on which you wish to bid. You may have more than one portfolio plan in place at one time, and you may make manual bids while one or more portfolio plans are in place.

Types of Bids. You can make manual bids by browsing through listings and placing a bid on the listing or listings that you choose. You can also bid by making a “portfolio plan” by indicating the aggregate amount of your funds to be bid on listings that meet your specified criteria, the maximum amount that may be bid on one listing, the type of listing, the minimum yield percentage you are willing to receive, and the specific borrower or loan criteria (for example, Prosper Rating, borrower income or employment characteristics, group affiliation, debt-to-income ratio, etc.) for the listings on which you wish to bid. You may have more than one portfolio plan in place at one time, and you may make manual bids while one or more portfolio plans are in place.