Formal Offer

From Open Risk Manual

Definition

Formal Offer (also Binding Offer). Event which is an offer to the holder or potential holder or other intersted party, to enter into a trade which is or would be legally binding on the part of the party making the offer (the offeror).

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.