ten·der 1 n
1 a: an act or instance of tendering
b: an unconditional offer of payment or performance (as in discharge of an obligation) that is coupled with a manifestation of willingness and ability to follow through (as by producing a check)
sufficient tender
2: something offered in payment or performance; specif: money
the proper amount of tender required see also legal tender
tender 2 vb [Anglo-French tendre to offer, propose for acceptance, literally, to stretch, hold out, from Old French, from Latin tendere]
vt
1 a: to make a tender of
tender goods
tender delivery
b: to offer as an amount in settlement of a claim by an injured party against an insured
◇ An insurance company might be obligated to tender the limits of a policy to an injured party when a higher amount is likely to be awarded at trial.
2: to extend for acceptance or consideration (as in proof of something) esp. in a proceeding
tender a plea to the court
tender an issue
3: to offer for sale
tender shares
vi: to offer securities for sale
make an informed decision to tender
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.