Offeror

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

Offer

Business / Finance / Offer: Indicates a willingness to sell at a given price. Related: Bid. MORE

Revocation

Business / Real Estate / Revocation: An offeree may fail to accept the offer before it expires. The offeror may revoke the offer at any time before receiving the acceptance. This revocation must be communicated to the offeree by the offe MORE

Acceptance

Business / Finance / Acceptance: Contractual agreement instigated when the drawee of a time draft 'accepts' the draft by writing the word 'accepted' thereon. The drawee assumes responsibility as the acceptor and for payment at maturi MORE

Counteroffer

Business / Real Estate / Counteroffer: A new offer made in response to an offer received. It has the effect of rejecting the original offer, which cannot be accepted thereafter, unless revived by the offeror. MORE

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