noun
- a person or entity that makes an offer, especially in legal or business contexts
Usage: legal; business
Examples
- The offeror submitted a bid of $500,000 for the property.
- In contract law, the offeror has the right to revoke the offer before acceptance.
- The company acted as the offeror in the merger negotiations.
- The offeror must clearly state the terms of the proposal.
- Once the offeree accepts, the offeror is bound by the agreement.
- The court ruled in favor of the offeror’s interpretation of the contract terms.