What is the lowest accepted competitive bid in a U.S. Treasury auction called?

Question

Quizplus · Accepted Answer

The stop-out bid is the lowest accepted competitive bid in a U.S. Treasury auction. It is the bid that clears the market and sets the highest yield at which all accepted bids will receive the same price. The selected price is the price at which the Treasury sells the securities to the winning bidders, while the base price is the price at which the securities are initially offered. Imputed bid and set bid are not commonly used terms in Treasury auctions.

What Is the Lowest Accepted Competitive Bid in a U