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• An offer may be withdrawn at any time before it is accepted, unless the offer by its terms stated it would be irrevocable for a specified period of time or other conditions.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 As a result, the offer may not be withdrawn once acceptance has been placed in the mail.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• Aproperty auctioned without reserve is an offer that may not be withdrawn. Unless specified otherwise, all auctions are presumed to be with reserve and the property may be withdrawn at any time before acceptance.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 ?
And is she, at seventeen, just entering into life, just beginning to be known, to be wondered at because she does not accept the first offer she receives?
Michael Vanstone's provision for his brother's children begins and ends with an offer to each of them of one hundred pounds.
And know, besides, sweet daughter of Zion, that were the most Christian king to offer me his most Christian daughter, with Languedoc for a dowery, I could not wed her.
If they hesitate to strip us naked, or to cut our throats if we offer them the smallest resistance, they will show us more mercy than we ever showed them.
Then her tears flow freely, and often I am held in her soft little hand, while she prays for the soul of her grandmother, or offers up praises for her own existing blessings.
Captain," resumed the other, untying his little wallet with great deliberation, and even in a manner to show he found satisfaction in the delay, "I wish to offer you a small matter of trade.
I had resisted some casual offers of gallantry, and had managed that way well enough.
The Chec Furt, who had been the occasion of all this, coming to us afterwards, blamed us exceedingly for having offered so little, and being told by us that the present was picked out by himself, that we had nothing better to give, and that what we had left would scarce defray the expenses of our journey, he pressed us at least to add something, but could prevail no farther than to persuade us to repeat our former offer, which the King was now pleased to accept, though with no kinder countenance than before.
To this order I belong, brother goatherds, to whom I return thanks for the hospitality and kindly welcome ye offer me and my squire; for though by natural law all living are bound to show favour to knights-errant, yet, seeing that without knowing this obligation ye have welcomed and feasted me, it is right that with all the good-will in my power I should thank you for yours.
Yet the offer was an alluring one, for, supposing it took the elephant fifteen hours to reach Allahabad, his owner would receive no less than six hundred pounds sterling.
Now the people of Pylos were gathered on the sea shore to offer sacrifice of black bulls to Neptune lord of the Earthquake.
Allow me, by the way, to observe, my fair cousin, that I do not reckon the notice and kindness of Lady Catherine de Bourgh as among the least of the advantages in my power to offer.