Construct · 2 fields · 3 citations

Where does tender collide?

One name. Different field. Different construct. One map.

● jingle · one word, two constructs Nearest construct by meaningnotecompare the meanings
How to read this

Every construct on the map is compared with every other by the meaning of its definitions, and the closest one is surfaced here. The nearest construct to tender is note.

Hold this as a prompt, not a verdict. Two constructs sitting close in meaning is a reason to read them side by side and decide for yourself whether they are one idea under two names. It is not proof that they are. Compare the meanings in the Collider.

tender2 CONSTRUCTSLegal tenderMANN · LEGAL TENDERTender (bid)VICKREY · SEALED BID

Spokes are fields; dashed arcs are shared lineage. Tap a field for its definition, unit, and measures.

1961Tender (bid)1998Legal tender
2026

Drag to watch the word get claimed. Each field appears at the publication date of the earliest source cited for it. Tap a year to see which.

Monetary law and economics

Money a creditor must accept

Legal tender is the form of payment that a creditor is legally obliged to accept in discharge of a monetary debt: a state designates certain instruments, typically its banknotes and coins, so that a debtor who offers them in the right amount cannot be held in default for non-payment. Goodhart's 1998 The two concepts of money set out the view that money is fundamentally a creature of the state rather than a spontaneous commodity, and the authoritative legal treatment in Proctor's 2012 edition of Mann on the Legal Aspect of Money sets out which payments a creditor must take. The referent here is a legal power attached to designated money, judged by what settles a debt, not a competitive bid for a contract or a vehicle that carries fuel behind a locomotive.[1][2]

Unit
One designated means of payment that discharges a debt at its face value
Recovery means
Not applicable
Measured by
Identified by statute and case law: which instruments, in what amounts, a creditor must accept to settle a debt

Procurement and business

A competitive bid for a contract

A tender is a formal, priced offer submitted in response to an invitation to tender, and the tendering process is the competitive procedure by which a buyer awards a contract to a chosen bid, usually the lowest or the most economically advantageous one. Vickrey's 1961 Counterspeculation, auctions, and competitive sealed tenders analysed the sealed competitive tender as a kind of auction and showed how its rules shape what bidders reveal and how much the buyer ends up paying. The same word also names a tender offer, a public bid to buy a company's shares. The referent is an offer and the contest that selects it, counted in price and terms, not money a creditor must accept or a support vehicle in transport.[3]

Unit
One priced offer competing to win a contract or to buy shares
Recovery means
Not applicable
Measured by
Assessed by bid price and stated evaluation criteria against rival bids in a formal procurement or share-purchase process

Next

Run it through the Collider, or take the citations with you.

See how tender sits against neighbouring constructs in the Collider, or export every reference on this page in one click.

Open in ColliderExport BibTeXReport this collision

Nearby collisions

bid1 fields · 1 citationsanchor · a standalone constructacquisition4 fields · 4 citationsjingle · one word, four constructsaffection4 fields · 6 citationsjingle · one word, four constructs

References

  1. Goodhart, C. A. E. (1998). The two concepts of money: Implications for the analysis of optimal currency areas. European Journal of Political Economy, 14(3), 407–432. https://doi.org/10.1016/S0176-2680(98)00015-9
  2. Proctor, C. (2012). Mann on the legal aspect of money (7th ed.). Oxford University Press. ISBN 9780199609178
  3. Vickrey, W. (1961). Counterspeculation, auctions, and competitive sealed tenders. The Journal of Finance, 16(1), 8–37. https://doi.org/10.1111/j.1540-6261.1961.tb02789.x

Cited on this page?

Confirm your construct, or correct us.

If your work is cited behind one of these entries, you know better than we do whether we captured the meaning right. Confirm it, suggest an edit, or dispute it, and your name goes on the entry as an author who has checked it, linked to your ORCID.

Claim your construct