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This question is about careers.
What is a tender in business?
A tender in business is a term that refers to an invitation by organizations or the government to submit bids for specific contacts. Broadly, tender in business refers to offering funds, services, or performance to meet a contractual obligation.
Tender can also substitute for the term bid in business, as in a formal offer to supply goods, products, works, or services, but it is most commonly used to describe the contracts that business entities, independent contractors, and any other relevant parties are bidding for.
The term tender can also apply to stocks. A tender offer is when a company offers to current shareholders to buy back a certain amount of its own stock to regain a larger equity interest in the company. This is also a way for the company to offer an additional return to shareholders.
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