tender

noun | ten·der

1. a : an act or instance of tendering

   b : an unconditional offer of payment or performance (as in discharge of an obligation) that is coupled with a manifestation of willingness and ability to follow through (as by producing a check)

   c : tender of delivery sufficient tender

2. : something offered in payment or performance; specifically : money the proper amount of tender required — see also legal tender : money the proper amount of tender required — see also legal tender

verb

1. a : to make a tender of tender goods tender delivery tender payment tender performance

   b : to offer as an amount in settlement of a claim by an injured party against an insured

   Note: An insurance company might be obligated to tender the limits of a policy to an injured party when a higher amount is likely to be awarded at trial.

2. : to extend for acceptance or consideration (as in proof of something) especially in a proceeding tender a plea to the court tender an issue

3. : to offer for sale tender shares

   : to offer securities for sale make an informed decision to tender