offer

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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• An offer may be withdrawn at any time before it is accepted, unless the offer by its terms stated it would be irrevocable for a specified period of time or other conditions.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 As a result, the offer may not be withdrawn once acceptance has been placed in the mail.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• Aproperty auctioned without reserve is an offer that may not be withdrawn. Unless specified otherwise, all auctions are presumed to be with reserve and the property may be withdrawn at any time before acceptance.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 ?
Then he offered many burnt sacrifices to the gods, and decorated many temples with tapestries and gilding, for he had succeeded far beyond his expectations.
And as she offered this surprising information she continued to smile.
As Adam lay a-dreaming beneath the Apple Tree, The Angel of the Air he offered all the Air in fee.
Weston offered me the benefit of his, and I could not have refused it more than I did without offending him,' replied I, smiling placidly; for my inward happiness made that amusing, which would have wounded me at another time.
DEAR MADAM: We have much pleasure in informing you that your charming story `Averil's Atonement' has won the prize of twenty-five dollars offered in our recent competition.
It is for your assistance, and in compliment to our friends across the Atlantic, that the reward was offered.
If we're to go, let us go,' said Nikita, taking the glass of tea he was offered.
Yet remember What I foretell thee; soon thou shalt have cause To wish thou never hadst rejected, thus Nicely or cautiously, my offered aid, Which would have set thee in short time with ease On David's throne, or throne of all the world, Now at full age, fulness of time, thy season, When prophecies of thee are best fulfilled.
Why, to be sure, ma'am, my master no sooner told Squire Allworthy about Mr Jones having offered to make love to your la'ship than the squire stripped him stark naked, and turned him out of doors
When I think of what you have just offered me, my heart fills with gratitude indeed it does.
It is well--it is well, boy," returned the old man, fumbling at his wallet; "honestly offered, and not unthankfully declined--but it cannot be; no, it can never be.
We made signs of thanks to them, for we had nothing to make them amends; but an opportunity offered that very instant to oblige them wonderfully; for while we were lying by the shore came two mighty creatures, one pursuing the other (as we took it) with great fury from the mountains towards the sea; whether it was the male pursuing the female, or whether they were in sport or in rage, we could not tell, any more than we could tell whether it was usual or strange, but I believe it was the latter; because, in the first place, those ravenous creatures seldom appear but in the night; and, in the second place, we found the people terribly frighted, especially the women.