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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• An offer may be withdrawn at any time before it is accepted, unless the offer by its terms stated it would be irrevocable for a specified period of time or other conditions.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 As a result, the offer may not be withdrawn once acceptance has been placed in the mail.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• Aproperty auctioned without reserve is an offer that may not be withdrawn. Unless specified otherwise, all auctions are presumed to be with reserve and the property may be withdrawn at any time before acceptance.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 ?
Offerors asked questions and the team provided direct and clear responses.
Such limitations include (1) favoring one offeror over another, (2) revealing proprietary information surrounding one offeror's intellectual property to a competitor, and (3) disclosing the price of offerors' proposals to others without permission.
506(e) precludes point-by-point comparisons with other offerors' proposals and disclosure of trade secrets, confidential commercial or financial information, or the names of persons providing past performance references about an offeror.
Although this doesn't always occur, it is important for offerors to submit their absolute best proposal when responding to a Request for Proposal.
No contract will be awarded to any Offeror who is in arrears to the City, upon any
Exceptional/High Confidence -- Based on the offeror's performance record, essentially no doubt exists that the offeror will successfully perform the required effort.
The selected Offeror shall perform the services as specified in Appendix A, Project Introduction and Scope of Work.
Disunity within the government team lowers confidence in debriefed offerors and could make protests more likely.