Exploding Offer

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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 ?
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"