Exploding Offer

Exploding Offer

An offer (to buy or sell a good or service) with an expiration date. For example, one may make an exploding offer to buy an automobile on Friday and expect an answer by the following Monday. Exploding offers put pressure on the counterparty to make a decision.
References in periodicals archive ?
An exploding offer is simply a refusal by the law review to keep its offer open for more than a day or two in hopes the author will not have enough time to parlay it into an offer from a more prestigious journal.
Keepers should also be accepted immediately, given an exploding offer, and the author should be given no special accommodations.
A few judges and some professors claim that this alternative sharply decreases cartels' troubling parameters, actually limits the East Coast advantage, fostering closer review of students and better clerks' more widespread distribution, and restricts other questionable devices, which include cheating and exploding offers.
The one date "could be a recipe for an utterly shambolic process, a mad scramble for talent full of hastily conducted interviews, exploding offers, and questionable" judge and applicant behavior.
Roth, NBER and Harvard University, "Market Culture: How Norms Governing Exploding Offers Affect Market Performance"