Management Glossary

  Search Results: offerer
offerer
The person (or organization) who makes an offer to another person (or organization). That offer can be anything -- an offer to purchase something, an offer to sell something, an offer of a job, etc. The person (or organization) who receives the offer is free to accept or reject it. Depending on the contents of the offer, once made the offer is made it may or may not be binding, i.e. the offerer may or may not be free to withdraw the offer. In the case of a binding offer, there will likely be limitations on the offerer's obligation to honor the offer, such as the offer becoming void if not accepted within a certain time.
Contributed by: Managerwise Staff
See: offeree

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