TENDER Definition

Bookmark and Share

TENDER is to offer a product for sale at a specified price. A tender is issued usually in response to a specific request from a potential purchaser, e.g. government procurement.

Learn new Accounting Terms

OPEN ALLOTMENT is where there is no restriction as to an amount that may be taken from that which is being allotted.

TREASURY BILL (T-BILL) is a government security that matures in one year or less. They are zero-coupon bonds that are sold at a discount of the par value to create a positive yield to maturity. Treasury bills are considered by many the most risk free investment. Treasury Bills are commonly issued with maturity dates of 91 days, 6 months, or 1 year.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.