LAPSE OF OFFER
\lˈaps ɒv ˈɒfə], \lˈaps ɒv ˈɒfə], \l_ˈa_p_s ɒ_v ˈɒ_f_ə]\
Sort: Oldest first
-
Offer termination, regardless of the reason, other than completion of the deal. An offer lapses due to (1) expiration date reached; (2) a reasonable period has gone by, having no specified expiration date; (3) offeror or the offeree dies before acceptance; (4) operation of law makes the offer illegal or impossible. Unless the offeror and the offeree understand that the offer continues, typically, an orally stated offer ends/lapses.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).
Nearby Words
- laps
- lapsable
- lapsana
- lapscourse
- lapse
- LAPSE OF OFFER
- lapse ratio
- lapse,
- lapsed
- lapsed coverage
- lapsed legacy