tender Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: tender
tender

  1. act of surrendering one's shares in a corporation in response to an offer to buy them at a set price. See also tender offer .
  2. to submit a formal bid to buy a security, as in a U.S. Treasury bill auction. See also dutch auction .
  3. offer of money or goods in settlement of a prior debt or claim, as in the delivery of goods on the due date of a futures contract .
  4. agreed-upon medium for the settlement of financial transactions, such as U.S. currency, which is labeled "legal tender for all debts, public and private."

tender

  1. bid or request for project financing.
  2. notice by the seller of a futures contract of his intention to deliver a commodity or financial instrument.
  3. offer of payment owed to a creditor; an offer to settle up an obligation. For example, to tender a check.
  4. legal tender or cash offered in payment of an obligation.
  5. offer to purchase securities at a specified price, called a tender offer .

tender

  1. an offer to perform an obligation, together with actual performance or evidence of present ability to perform.
  2. to perform under a contract.
  3. to pay or deliver.

Example: Abel thought Baker would default under the sales contract but did not know for certain until Baker tendered the deed.

tender

unconditional offer to pay or perform in full an obligation to another, together with actual presentation of the thing or sum owed, or some clear manifestation of ability to pay or perform.

See also legal tender
Copyright © 2006, 2003, 1998, 1995, 1991, 1987, 1985 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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