Retender

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Retender

To sell the delivery notice on a futures contract. When a futures contract matures, the seller of the underlying asset gives his/her intent to deliver to the clearing house, which then gives delivery notice to the buyer. The buyer then may retender, or sell the delivery notice, to a third party to ensure that the buyer does not actually receive the underlying asset. Retendering occurs because most futures investors do not wish to actually receive what they buy; sometimes, it may be avoided by settling in cash. It is important to note that some futures contracts do not permit retendering.
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References in classic literature ?
Jacks, and whose card, sent back at first, was retendered in a sealed envelope with Scotland Yard scrawled across the back of it.
The bridge completion work had to be retendered and awarded to another contractor.
By September 2009, KNPC had retendered the deal, which covered the construction of a fourth gas fractionation unit at Mina Al-Ahmadi refinery.
"We would be gobsmacked if they actually went ahead and retendered the entire project this far down the line." Another executive from a rival bidding company says that although the prices for some EPC products such as steel and aluminium have dropped, little of that fall had yet filtered through to the contracting market.