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Here's the nutshell as it has been explained to my by one of our NPC Delegates a few years ago:
If a Chapter isn't at Quota yet and there are still "girls on the table" that are on their Bid list (meaning they came to Pref), then they would be matched through straight bid matching.
Snap bids are issued when all the women on your Bid List have been pledged to other Chapters or have voluntarily withdrawn from Recruitment and the Chapter is still not at Quota.
Quota Additions are when there are PNM's who went to pref and maximized her options (i.e. didn't suicide) and all the Chapters she preffed are already at Quota by the time her name is reached on any of their Bid Lists. Panhellenic will then add her to one of the Chapters she preffed. They try to spread the additions around so that no single Chapter gets like 20 additions while another gets none.
Any Chapter that does not achieve Quota through Formal recruitment is entitled to take enough new members through out the year to reach Quota. This is regardless of Panhellenic set Chapter Total. If at any point in time prior to Initiation a new member quits, a Chapter is entitled to replace her to get back up to Quota. There is some contraversy in terminology here as some folks consider these situations as still snap bidding while others call it COB.
Once a Chapter reaches Quota, their next concern is Panhellenic Chapter Total. If any Chapter is below or falls below Chapter Total (graduation, transferring schools, etc.), they are entitled to COB until they reach Total.
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