What does Offer stand for?

1. A proposal that is made to a certain individual or legal entity to enter into a contract, that is definite in its terms, and that indicates the offerer’s intent to be bound by an acceptance.

2. With respect to securities, the price at which one is ready to sell.

Source:

“Modern Real Estate Practice”, 19th Edition, by Fillmore W. Galaty, Wellington J. Allaway, and Robert C. Kyle, Dearborn Real Estate Education, 2014.

“Securities Regulation in a Nutshell”, 10th Edition, by Thomas Hazen, West Academic Publishing, 2011.

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