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• An offer may be withdrawn at any time before it is accepted, unless the offer by its terms stated it would be irrevocable for a specified period of time or other conditions.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 As a result, the offer may not be withdrawn once acceptance has been placed in the mail.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• Aproperty auctioned without reserve is an offer that may not be withdrawn. Unless specified otherwise, all auctions are presumed to be with reserve and the property may be withdrawn at any time before acceptance.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 classic literature ?
I want you to remember that if you change your mind my offer still stands.
I am only one of the masters employed in the school; but I don't think--let me say, I hope I am not guilty of presumption--if I offer to be of some small service to one of my pupils--"
I could offer to lend the scoundrel the money that he wanted at an hour's notice, and he was the man to accept my proposal quite as easily as I could make it.
Nevertheless, I cannot help thinking that if we would put an improved breed of polliwogs in our drinking water, construct shallower roadways, groom the street cows, offer the stranger within our gates a free choice between the poniard and the potion, and relinquish our private system of morals, the other measures of public safety would be needless.
I shall have the pleasure of acknowledging the great assistance which I have received from several other naturalists, in the course of this and my other works; but I must be here allowed to return my most sincere thanks to the Reverend Professor Henslow, who, when I was an undergraduate at Cambridge, was one chief means of giving me a taste for Natural History, -- who, during my absence, took charge of the collections I sent home, and by his correspondence directed my endeavours, -- and who, since my return, has constantly rendered me every assistance which the kindest friend could offer.
The two ladies in the dining-room (where worthy Miss Briggs was delighted to be admitted once more to confidential conversation with her patroness) wondered to their hearts' content at Sir Pitt's offer, and Rebecca's refusal; Briggs very acutely suggesting that there must have been some obstacle in the shape of a previous attachment, otherwise no young woman in her senses would ever have refused so advantageous a proposal.
When Oblonsky asked Levin what had brought him to town, Levin blushed, and was furious with himself for blushing, because he could not answer, "I have come to make your sister-in-law an offer," though that was precisely what he had come for.
Captain," resumed the other, untying his little wallet with great deliberation, and even in a manner to show he found satisfaction in the delay, "I wish to offer you a small matter of trade.
The man that had the lance or dart did not fly from them, but the rest did; however, as the two creatures ran directly into the water, they did not offer to fall upon any of the negroes, but plunged themselves into the sea, and swam about, as if they had come for their diversion; at last one of them began to come nearer our boat than at first I expected; but I lay ready for him, for I had loaded my gun with all possible expedition, and bade Xury load both the others.
At the same time, it being an unlawful, incestuous living, added to that aversion, and though I had no great concern about it in point of conscience, yet everything added to make cohabiting with him the most nauseous thing to me in the world; and I think verily it was come to such a height, that I could almost as willingly have embraced a dog as have let him offer anything of that kind to me, for which reason I could not bear the thoughts of coming between the sheets with him.
Presents are made to the Boffin servants, and bland strangers with business- cards meeting said servants in the street, offer hypothetical corruption.
There were several schemes for getting hold of this paper and that, and there were offers that came to nothing.