(redirected from offeror)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.
Related to offeror: Offeree


Indicates a willingness to sell at a given price. Related: Bid.


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.


See ask.


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.




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• An offer may be withdrawn at any time before it is accepted, unless the offer by its terms stated it would be irrevocable for a specified period of time or other conditions.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 As a result, the offer may not be withdrawn once acceptance has been placed in the mail.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• Aproperty auctioned without reserve is an offer that may not be withdrawn. Unless specified otherwise, all auctions are presumed to be with reserve and the property may be withdrawn at any time before acceptance.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 periodicals archive ?
At the conclusion of discussions and while the offerors prepared their final proposals, the KO went back to his duty station at Rock Island.
However, the Tender Offeror was informed by the Target that the Target would have to abandon the planned merger as a result of comprehensively considering both internal and external conditions including shareholders.
helping an offeror to bring its proposal up to the level of other proposals through successive rounds of discussion, such as pointing out weaknesses resulting from the offerors lack of diligence, competence, or inventiveness in preparing proposals).
16) The offeror may request that the debriefing be postponed until after award, but if so delayed, the debriefing shall include all information normally provided in a post-award debriefing.
By contrast, the poison pill right to purchase stock of the tender offeror is not guaranteed and -- in the absence of a tender offer -- is not legally enforceable.
As a result of analysis and examination of the above and conducting thorough consultations and negotiations over a long period with the Tender Offeror, the Company decided that corporate value of the two companies will be further enhanced by leveraging the management resources of both companies in a mutually complementary manner to develop appealing products by combining the two companies' strengths and providing products to a broader customer base.
We award the contract(s) to the offeror with the lowest price from the list of offerors who received acceptable ratings on mission capability.
Each Offeror must complete Exhibit 6 Qualification Statement.
Marginal/Little Confidence -- Based on the offeror's performance record, substantial doubt exists that the offeror will successfully perform the required effort.
The New Mexico Department of Transportation (NMDOT or Department) is requesting proposals from qualified firms or Offerors for General Engineering On-Call services for any number of the activities listed under Appendix A, Scope of Services.