Tender
Legal Definition and Related Resources of Tender
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Meanings, Synonyms, Etymology, Translations and More
Meaning of Tender
An offer of the amount of a debt by the debtor to the creditor. To constitute a valid tender, the amount of money must be actually produced and seen, except where the party to whom tender is made has, by his conduct , relieved the debtor from the necessity for producing same. The offer must also be unconditional. If the debtor, after the tender, continues to be ready to pay, but is sued for the amount of the money by the creditor, he is relieved from liability for the non- payment such as the costs of the suit but the debt is not discharged. If he pays the money into court and pleads tender before action , he will be entitled to his costs of the action. In relation to mutual and concurrent promises, the term denotes a readiness and willingness, accompanied with an ability on the part of one of the parties to do the acts which the agreement requires that party to perform, provided the other will concurrently do the things which that other is required by it to do, and a notice by the one to the other of such readiness. See Clark v Weis, 87 111. 438.
Tender Alternative Definition
(Lat. tender e, to extend, to offer). An offer to deliver something, made in pursuance of some contract or obligation, under such circumstances as to require no further act from the party making it to complete the transfer. As applied to cases of mutual and concurrent promises, means readiness to perform, provided the other party is ready and willing to perform. 143 111. 502. To constitute a valid tender, there must be an actual production (46 Barb. [N. Y.] 227), at the time (90 N. Y. 442) and place (6 Barb. [N. Y.] 258) where the obligation was due, of the full amount (41 Vt. 66), in current funds (34 N. Y. 649) by the person who is under obligation, or his agent (11 Ga. 570), and an offer to the creditor or his agent (46 Barb. [N. Y.] 227) absolutely and without condition, to which the creditor may rightfully object (39 N. Y. 481), of the exact amount due, but tender of an excessive amount is good if no change is asked in return (25 Ind. 261), and the tender must be kept good by continued readiness to pay or deliver the amount or property tendered (24 Vt. 536; 86 111. 431).
Financial Definition of Tender
To offer for delivery against futures.
Synonyms of Tender
verb
advance
deferre
deliver
extend
furnish
give
grant
hold out
issue
lay before
offer
pay
present
present for payment
proffer
propose
put forward
render
submit
urge upon
volunteer
Associated Concepts: tender payment
tender performance
FOREIGN PHRASES: Reprobata pecurtia liberat solventem
Money refused releases the debtor
Related Entries of Tender in the Lawi Project
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Tender in Historical Law
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Legal Abbreviations and Acronyms
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Related Legal Terms
You might be also interested in these legal terms:
Mentioned in these terms
Administer, Attractive Nuisance Doctrine, C.i.f., Half-mark, Infant, Money, Present, Rescission.
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This definition of Tender is based on the The Cyclopedic Law Dictionary. This entry needs to be proofread.
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Tender in the Dictionary of Law consisting of Judicial Definitions and Explanations of Words, Phrases and Maxims
1, v. When either side traverses or denies the facts pleaded by his antagonist he is said to "tender an issue". 2 Bl. Com. 318. 2, n. A formal offer; a proffer which binds him who refuses it.
Note: This legal definition of Tender in the Dictionary of Law (English and American Jurisprudence) is from 1893.
English Spanish Translation of Tender
Licitación To make a tender offer: hacer una oferta de licitación (licitar). To tender: Licitar.
Find other English to Spanish translations from the Pocket Spanish English Legal Dictionary (print and online), the English to Spanish to English dictionaries (like Tender) and the Word reference legal translator.
Etimology of Tender
(You may find tender at the world legal encyclopedia and the etimology of more terms).
formal offer for acceptance, 1540s, from tender (verb). Specific sense of "money offered as payment" is from 1740, in legal tender "currency which by law must be accepted from a debtor" (see legal).
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See Also
Tender Offer.
Tender in Law Enforcement
Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of tender.
Resources
Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and publications valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
See Also
Law Enforcement Officer
Police
Law Enforcement Agency
Further Reading
Concept of Tender in the context of Real Property
A short definition of Tender: The offer of money or performance in connection with a contract. If unjustifiably refused, places the party who refuses in default and gives rise to an action for breach of contract.
Concept of Tender in the context of Real Property
A short definition of Tender: The offer of money or performance in connection with a contract. If unjustifiably refused, places the party who refuses in default and gives rise to an action for breach of contract.
Tender