Offer

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Definition: Offer

Offer

Quick Summary of Offer

A proposal to enter into an agreement with another person. An offer must express the intent of the person making the offer to form a contract, must contain some essential terms–including the price and subject matter of the contract–and must be communicated by the person making the offer. A legally valid acceptance of the offer will create a binding contract.

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What is the dictionary definition of Offer?

Dictionary Definition

n. a specific proposal to enter into an agreement with another. An offer is essential to the formation of an enforceable contract. An offer and acceptance of the offer creates the contract.

Full Definition of Offer

  1. The lowest price that any investor or dealer has declared that he/she will sell a given security or commodity for. For over-the-counter stocks, the offer is the best-quoted price at which a Market Maker is willing to sell a stock. For mutual funds, the offer is the net asset value plus any sales charges. also called asked price or asking price or offering price or ask.
  2. To express a desire to enter into an arrangement or contract with another party.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/offer/
Modern Language Association (MLA):
Offer. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/offer/.
Chicago Manual of Style (CMS):
Offer. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/offer/ (accessed: April 20, 2024).
American Psychological Association (APA):
Offer. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/offer/

Definition Sources

Definitions for Offer are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th November, 2021 | 0 Views.