Dictionary of Business Terms: offeree
offeree
person who receives an offer from another. The offeree may accept or reject the offer.
Dictionary of Insurance Terms: offeree
offeree
- in life insurance, receipt by a company of an insurance application accompanied by the first premium.
- in property and casualty insurance, a company's receipt of an application.
Dictionary of Real Estate Terms: offeree
offeree
one who receives an offer. Generally a buyer offers a purchase contract to an owner, which makes the owner the offeree. When the seller offers a contract to a buyer, the buyer is the offeree.
Example: Brewster offers Smithton a contract in which Brewster offers to pay $120,000 for a property. Smithton is the offeree.
