Definition of Tender

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TeachMeFinance.com - explain Tender



Tender -- 1. A small vessel which serves a larger vessel in a port for the purpose of supplying provisions and carrying passengers to and from ship to shore.
2. An offer of money. An offer to supply something. An offer to present something.
3. To satisfy a claim, an unconditional offer to perform coupled with a manifest ability to carry out the offer.
4. A car connected behind a steam railroad locomotive to carry coal and water. (Almost obsolete).


historic definition...

Tender -- An offer for ; a bid for. In Great Britain tenders are sometimes invited for new issues of stock, chiefly first class securities, or Treasury bills. A minimum price is generally fixed and tenders at or above that price are invited.


About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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