[AnchorAlumna]

My answers in red.
I only know a little. Titchou knows all! Until she comes back, here's this:

Originally Posted by TSteven

Are only women who participated in formal recruitment - yet dropped during the process - eligible for snap bids? YES Or can a chapter extend a “snap bid” to a student who didn't sign up for or attend any of the formal recruitment? NO

Also, if a chapter made quota during formal, yet is still under chapter total, are they allowed to extend a “snap bid”? YES - that chapter can bid up to total. They're not snap bids; they're just bids Or would those bids “technically” be a COB bid? No, there are no COB bids during formal recruitment. A chapter under total can bid up to toal - they're just bids. If a chapter reaches total and pledges quota, additional bids would be quota additions. A chapter that reaches quota does not snap bid. I think - not sure though - that quota additions are not done until snap bids are issued.

Bottom line, even though they serve the same purpose – to get a chapter to quota and or to total - is there some sort of specific criteria (restrictions, guidelines on when and how it may be extended) that differentiates a “snap bid” from a “COB bid”? Or are “snap bids” simply the name for a “COB bid” given on bid day?
Does this make sense?

First, a COB bid is made after recruitment has concluded. COB actually begins a week or two after formal recruitment ends.
Quota is set on pref day.
Total is a whole other thing.
The whole idea of quotas and totals is to keep the big, popular chapters from getting bigger and to give the smaller chapters a chance.
Yes, RFM is rendering this concept meaningless, but it's taking a while, and may never totally work. There's also such as thing as getting a bid from your least favorite house and not even showing up for bid day, or resigning soon after.
I've probably already screwed up. I'll let someone else explain.