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.
Offer Verb Synonyms: proffer, provide, submit, put forward or forth, advance, tender, extend, make, suggest
Offer Noun Synonyms: proffer, propose, tender, bid
Business / Finance / Offerings: Often refers to initial public offerings. When a firm goes public and makes an offering of stock to the market. MORE