Legal Dictionary
Main Entry:
tenderFunction:
verbEtymology: Anglo-French
tendre to offer, propose for acceptance, literally, to stretch, hold out, from Old French, from Latin
tendere transitive verb
1 a : to make a tender of <
tender goods> <
tender delivery> <
tender payment> <
tender performance>
b : to offer as an amount in settlement of a claim by an injured party against an insured
NOTE: 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> intransitive verb
: to offer securities for sale
tender>