offeror

American  

[aw-fer-awr, of-er-, -er] / ˈɔ fərˌɔr, ˈɒf ər-, -ər /

noun

Law.

1. the person who makes an offer.

   The contract is concluded as of the moment the acceptance reaches the offeror.

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Etymology

Origin of offeror

First recorded in 1870–75; offer ( def. ) + -or ² ( def. )

Example Sentences

"Taking into account the announcement of Georg Fischer's competing public tender offer on June 12 2023, and after thorough review, the offeror has today decided to withdraw its tender offer," Aliaxis said.

From Reuters

“Indeed, short of colluding with other potential offerors to coordinate their respective proposals, it is not apparent how an offeror could intelligently compete,” the GAO found.

From Washington Post

It said it has revisited its documentation on the contract “which confirms the awardee’s status as a responsible offeror.”

From Washington Times

“The technical merit of the first-ranked technical offeror was considered to outweigh its higher price, and was therefore determined to be the most advantageous offer to the state,” Howells wrote, without elaborating.

From Washington Times

The right of first refusal agreement, signed by Luis Castelazo, Larrea’s right hand man for many years and the go-between for Larrea and real estate brokers, stipulated that the identity of any offeror be redacted.

From Forbes