tender

1 An unconditional offer of performance in order to satisfy a debt. It may be offered to save the party making the tender from a penalty for nonpayment or lack of performance. On the other hand, if the other party should refuse the tender without a justifiable reason, that party may be placed in default. 2 Something offered in order to settle a debt or obligation. 3 An offer put forward in hope of acceptance. 4 Something that serves as a means of payment, such as banknotes or coin (as in, leg...

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