👉 Tendered or tendered is a formal or official act of submission to an authority, usually by a person who has been appointed as such. In legal terms, this involves a request for approval or endorsement from another party. Tenderization can be used in various contexts, including:
1.
Appraisal
: A tendered appraisal might involve a professional evaluator assessing the value of a property, service, or product based on certain criteria.
2.
Legal Consideration
: In legal terms, it
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What is the definition of Tenderized? 🙋
What is the definition of Tendered? 🙋
👉 Tendered is a legal term in the context of contracts. It refers to an offer made by one party (the "offeror") to another party (the "tenderer") for the consideration of purchasing goods or services from the other party (the "bidder"). The tendered offer must be accepted by the bidder, which means that both the bid and the offer have been received. In most cases, a tendered offer is valid until it is revoked or withdrawn, although this
