Tender

Definition - Verb
[Anglo-French tendre to offer, propose for acceptance, literally, to stretch, hold out, from Old French, from Latin tendere]
1 a  : to make a tender of <~ goods> <~ delivery> <~ payment> <~ performance>
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 <~ a plea to the court> <~ an issue>
3  : to offer for sale <~ shares>
: to offer securities for sale <make an informed decision to ~>

Definition - Noun
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)
c  : See also tender of delivery<sufficient ~>
2  : something offered in payment or performance
specif
: See also money<the proper amount of ~ required>
see also legal tender



Search Legal Dictionary


Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com		 Merriam-Webster

intrinsic fraud

fraud (as by the use of false or forged documents, false claims, or perjured testimony) that deceives the trier of fact and results in a judgment in favor of the party perpetrating the fraud


Terms & Conditions   Privacy   Copyright © 2008 LexisNexis, a division of Reed Elsevier Inc. All rights reserved.