TeachMeFinance.com - explain Tender
Tender -- 1. A small vessel which serves a larger vessel in a port for the purpose of supplying provisions and carrying passengers to and from ship to shore.
Tender -- An offer for ; a bid for. In Great Britain tenders are sometimes invited for new issues of stock, chiefly first class securities, or Treasury bills. A minimum price is generally fixed and tenders at or above that price are invited.
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