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term:
Offeror
offeror n
: one that makes an offer to another [acceptance of the offer terminates the power of revocation that the ordinarily has “J. D. Calamari and J. M. Perillo”]
Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.