term:

Offer

offer n

1 : a proposal, promise, or other manifestation of willingness to make and fulfill a contract or to bargain under proposed terms with another party that has the power to accept it upon receiving it [denied accepting the ] see also revoke, tender offer
2 : a price named by one proposing to buy (as in a bid, bargain, or settlement)
: the amount of an offer to pay money [decided the was too low]
offer vb

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