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TENDER

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Originally appearing in Volume V26, Page 615 of the 1911 Encyclopedia Britannica.
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TENDER . (1) An See also:

adjective meaning soft, either physically or figuratively, derived from Fr. tendre, See also:Lat. tener, soft, allied to tenuis, thin, and ultimately to be referred to the See also:root, tan-, to stretch out, as in Lat. tendere. (2) A legal See also:term meaning an offer for See also:acceptance, particularly an offer in See also:money for the See also:satisfaction of a See also:debt or liability or an offer to pay or deliver according to the terms of a See also:contract; for " legal tender," the currency which can legally be offered and must be accepted in See also:payment, see PAYMENT. The term is also applied specifically to an offer to do a specified piece of See also:work or to See also:supply certain goods for a certain sum or at a certain See also:rate or to See also:purchase goods at a certain rate. Contracts for large or important See also:works or for the supply of large amounts of goods are usually put out to tender in See also:order to secure the lowest See also:price. In this sense the word is from " to tender," to offer, Fr. tendre, Lat. tendere, to stretch out. (3) A " tender " is also one who " attends " (Lat. attendere, to stretch towards, to give heed to), and so is applied particularly to a small See also:vessel which brings supplies, passengers, &c., to a larger vessel, or which is used to take or bring messages from or to her, and similarly to a See also:carriage attached to a See also:locomotive See also:engine on a railway which carries See also:coal or other See also:fuel and See also:water.

End of Article: TENDER

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