Backup Offer

Business / Real Estate / Backup Offer: An offer to buy, submitted to a seller, with the understanding that the seller has already accepted a prior offer, a secondary offer. Sometimes the seller accepts the backup offer contingent on the failure of the sales transaction on the part of the first purchaser within a specified period of time. The seller must be careful how he or she proceeds, however, when the time for the buyers performance, under the first contract, has expired.

Other Words for Offer

Offer Verb Synonyms: proffer, provide, submit, put forward or forth, advance, tender, extend, make, suggest
Offer Noun Synonyms: proffer, propose, tender, bid
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Offeror

Business / Real Estate / Offeror: The party who makes an offer - usually the buyer. MORE

Offerings

Business / Finance / Offerings: Often refers to initial public offerings. When a firm goes public and makes an offering of stock to the market. MORE

Paris Interbank Offer Rate (PIBOR)

Business / Finance / Paris Interbank Offer Rate (PIBOR): The deposit rate on interbank transactions in the Eurocurrency market quoted in Paris. MORE

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