tender of delivery

tender of delivery definition - business

tender of delivery

A buyer's duty to accept and pay for goods, assuming the seller has given proper notification necessary for the buyer to take delivery.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.