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snap bids

by: Question

What exactly is a "snap bid" I've heard this term a lot but I don't know what it means. Could someone please explain this term to me?

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#1  by: Snaps   
#1    

Snap bidding: An option available to chapters that did not fill quota. Chapters may offer bids to potential new members whose preferences were not matched, meaning they would not be extended a bid by chapters they listed on their preference rankings after preference roounds.

By: Snaps

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