Offeror

Business, Legal & Accounting Glossary

Definition: Offeror


Offeror

Quick Summary of Offeror


A person or entity who makes a specific proposal to another (the offeree) to enter into a contract.




What is the dictionary definition of Offeror?

Dictionary Definition


n. a person or entity who makes a specific proposal to another (the offeree) to enter into a contract.

  • One who makes an offer to another.
  • Someone who presents something to another for acceptance or rejection.

Full Definition of Offeror


A person, company, or organisation that offers to buy something from another person, company, or organisation.

An offeror is an alternative term for a bidder.


Examples of Offeror in a sentence


The offeror has indicated that he will keep his offer open only for a limited time.
A unilateral contract consists of a promise on the part of the offeror and performance of the requisite terms by the offeree.
Acceptance of the offer terminates the power of revocation that the offeror ordinarily has.


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/offeror/
Modern Language Association (MLA):
Offeror. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 01, 2022 https://payrollheaven.com/define/offeror/.
Chicago Manual of Style (CMS):
Offeror. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/offeror/ (accessed: December 01, 2022).
American Psychological Association (APA):
Offeror. PayrollHeaven.com. Retrieved December 01, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/offeror/

Definition Sources


Definitions for Offeror 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: 29th April, 2020 | 0 Views.