offer


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Related to offer: Invitation to treat

Offer

Indicates a willingness to sell at a given price. Related: Bid.

Ask

The lowest price for which a seller is willing to sell some asset. When one makes a buy order, one may order a broker to buy at the ask, which is simply the best price currently available. The difference between the ask and the bid is called the bid-ask spread, which is a key measure of liquidity.

offer

See ask.

Offer.

The offer is the price at which someone who owns a security is willing to sell it. It's also known as the ask price, and is typically paired with the bid price, which is what someone who wants to buy the security is willing to pay. Together they constitute a quotation.

offer

see CONTRACT.

offer

A commitment to do some act,usually to buy or sell something,upon specified terms which, if accepted, would create an enforceable contract. The person making the offer is the offeror; the person receiving it is the offeree.Some important concepts include

• An offer may be withdrawn at any time before it is accepted, unless the offer by its terms stated it would be irrevocable for a specified period of time or other conditions.

• The mailbox rule states that if an offer is made via the mail, or if an offer does not limit acceptance to some vehicle other than the mail, then it may be accepted by mail. If so, then acceptance is effective when it is placed in the mail, not when received by the offeror. As a result, the offer may not be withdrawn once acceptance has been placed in the mail.

• The Uniform Computer Information Transactions Act provides that e-mail offers are accepted when the return e-mail has been received by the offeror, not when it is sent.

• Some states have held that fax transmissions of acceptance are effective when faxed.

• An offer that is “accepted,” but with changes in some of the terms or conditions, is a counteroffer and is not an acceptance. A counteroffer is a new offer that must be accepted or rejected. The old offer may not be resurrected at that point.

• Aproperty auctioned without reserve is an offer that may not be withdrawn. Unless specified otherwise, all auctions are presumed to be with reserve and the property may be withdrawn at any time before acceptance.

• Upon receiving an offer from a potential purchaser, an agent is obligated to transmit it to the client as soon as possible, even if the agent thinks it is a poor offer that will not be accepted. Further, an agent may not retain an offer until receipt of another, in order to present them together, unless the client has given specific instructions to act in that manner.

References in periodicals archive ?
Because the offer was never accepted for processing, it was never pending and levy was never prohibited.
This announcement is not an offer to purchase nor a solicitation of an offer to purchase with respect to any securities.
The online forms include 656-R Offer In Compromise; 433-OIC, Financial Statement for Wage Earners and Self-Employed; and supplemental information (a complete list of items to be submitted is found in the directions).
Currently, verification of assets and expenses is required in all offer investigations, regardless of the dollar amount of the liability.
Open Solutions is making the tender offer in connection with the proposed merger of Harpoon Merger Corporation, an affiliate of The Carlyle Group and Providence Equity Partners Inc.
Offers in compromise are submitted on Form 656, Offer in Compromise,[22] generally through revenue officers, although they can be filed in any IRS office or Service Center.
In each case, holders whose Notes are accepted for payment in the tender offers will receive accrued and unpaid interest in respect of such purchased Notes from the last interest payment date to, but not including, the payment date for Notes purchased in the tender offers.
In other words, by accepting the offer now, the Service will get money that is worth more today than in the future; e.
The consummation of the tender offer is conditioned upon, among other things, (i) the consummation of the previously announced acquisition (the "Acquisition") of Jacuzzi by affiliates of Apollo Management, L.
The completion of the Offer is conditional upon, among other things, being accepted to such an extent that MAN becomes the owner of more than 90 percent of the total number of shares and votes in Scania.
Once the tender offer is commenced, offering materials will be made available to MGM MIRAGE stockholders and filed with the Securities and Exchange Commission.
A more comprehensive description of the offers and the consent solicitations can be found in the Offer to Purchase.