Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “tender”

See all translations

tender

noun
 
 
/ˈtendər/
[C] COMMERCE a written or formal offer to supply goods or do a job for an agreed price: receive a tender Competitive tenders must be received by 1 p.m.invite tenders (to do/for sth) Morocco is inviting tenders to build two wind farms.submit a tender (to do/for sth) The company said it will submit tenders to develop three oil fields in the area.
[C or U] COMMERCE a method of choosing the best company to supply goods or do a job by asking several companies to make offers for the work: win a tender (for/to do sth) The company won a tender to start an analogue cellular network.put sth out to tender The drilling rights have been put out to tender.
[C] ( also tender offer) FINANCE, STOCK MARKET an occasion when a company sells new shares to those who make offers for them above a particular lowest price. The company calculates the strike price (= final price to be paid) in relation to the total demand and the prices offered: All tenders above the strike price will be accepted. Shares in the insurance group will be sold through tenders. They made a cash tender of $15.50 per share. The share tender was over-subscribed. If you buy shares in the retail tender offer, they will be free of transfer charges for up to 42 days after allocation.
→  See also legal tender , sealed-bid tender , self-tender
(Definition of tender noun from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of tender?
Add Cambridge dictionaries to your browser to your website

Definitions of “tender” in other dictionaries

Word of the Day

christmassy

typical of Christmas, or happy because it is Christmas

Word of the Day

Cleavage proves divisive in Cambridge’s words of 2014

by Alastair Horne,
December 19, 2014
​​​​ Other dictionaries may choose faddish novelties as their words of the year, but here at Cambridge, we like to do something different. We look for the words that have seen sudden surges in searches over the course of the year – words that have been baffling users of English and driven them

Read More 

cinderella surgery noun

December 15, 2014
cosmetic surgery to the feet We have all heard of people having nose jobs, boob jobs and liposuction – but now a new trend growing in popularity in America: Cinderella surgery.

Read More