tender noun Meaning in Cambridge Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of "tender" - Business English Dictionary

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
post

something such as a message or picture that you publish on a website or using social media

Word of the Day

July 4th, Bastille Day, and the language of revolution.
July 4th, Bastille Day, and the language of revolution.
by Liz Walter,
July 01, 2015
With America’s Independence Day on the 4th and France’s Bastille Day on the 14th, July certainly has a revolutionary theme, so this blog looks at words and phrases we use to talk about the dramatic and nation-changing events that these days celebrate. In particular, it focuses on one of the most important

Read More 

burger noun
burger noun
June 29, 2015
a menu on a computer screen comprising three short parallel horizontal lines which the user clicks to see options Definitely use a burger. You could put the settings in the burger menu too. Fix the settings to the bottom of the burger menu and use a vertically scrolling contact list that scrolls behind

Read More