offer to purchase
noun[C]
ukusCOMMERCE,PROPERTY
anoffertobuysomething,especiallylandorproperty, at aparticularprice:
Anoffertopurchaseis a writtencontractsetting out thetermsunder which thebuyeragreestobuythehome.
FINANCE
anoffertobuyshareholders'sharesin atakeoverbid(=attemptto takecontrolof acompany):
The Boardreportedthat animprovedoffertopurchasehad beenreceivedand thatshareholdershad beeninformed.