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Tender

tender n

1 a : an act or instance of tendering
b : an unconditional offer of payment or performance (as in discharge of an obligation) that is coupled with a manifestation of willingness and ability to follow through (as by producing a check)
c : tender of delivery [sufficient ]
2 : something offered in payment or performance
;specif
: money [the proper amount of required] see also legal tender
vb [Anglo-French tendre to offer, propose for acceptance, literally, to stretch, hold out, from Old French, from Latin tendere ]
vt
1 a : to make a tender of [ goods] [ delivery] [ payment] [ performance]
b : to offer as an amount in settlement of a claim by an injured party against an insured NOTE: An insurance company might be obligated to tender the limits of a policy to an injured party when a higher amount is likely to be awarded at trial.
2 : to extend for acceptance or consideration (as in proof of something) esp. in a proceeding [ a plea to the court] [ an issue]
3 : to offer for sale [ shares]
vi
: to offer securities for sale [make an informed decision to ]


Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.