tender noun - definition in the Business English Dictionary - Cambridge Dictionaries Online

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

paradox

a situation or statement that seems impossible or is difficult to understand because it contains two opposite facts or characteristics

Word of the Day

What’s All The Commotion About? (Words to describe sounds)

by Kate Woodford,
May 20, 2015
​​​ In this post we look at a range of words and phrases that we use to describe noise and the absence of noise. Starting with complete quiet, we sometimes use the noun hush to describe silence: A hush fell over the room as the bride walked in./There was a deathly hush (=complete

Read More 

plyscraper noun

May 18, 2015
a skyscraper made mainly from wood The development of engineered timber could herald a new era of eco-friendly ‘plyscrapers’. Christchurch welcomed its first multistorey timber structure this year, there are plans for Vancouver, and the talk is China could follow

Read More