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English definition of “tender”

tender

verb     /ˈtendər/
[I or T] COMMERCE to make a formal offer to supply goods or do a job for an agreed price: It will be better still if competitors in poor countries can tender successfully.tender to do sth The company is tendering to clean the Millennium Dome.tender for sth Next month companies will be invited to tender for a new international telecommunications system.
[I or T] FINANCE, STOCK MARKET to make a formal offer to buy or sell shares at a stated price: Unit holders are under no obligation to tender their shares. About 7 million of their shares had been tendered under the offer.tender sth to sb/sth The company tendered its shares to BP for 500p cash.tender into sth They gave security holders an additional opportunity to tender into the offer.
[T] formal to give or offer something: You will have no option but to tender your resignation. He tendered a delivery note for signature. She tendered a plea of no contest.tender sth as sth A check was tendered as payment.
(Definition of tender verb from the Cambridge Business English Dictionary © Cambridge University Press)
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