Oxford Business English Dictionary for Learners of English

Bid, both as a noun and a verb, is also used in the context of an auction (= when people offer to buy sth in competition with each other): They have invited bids for a 33% stake in the company, о Decide how much you're prepared to pay before you start to bid. Tender is not used with this meaning.

'tender .offer noun [c] [Finance)

an invitation to the existing shareholders of a particular company to sell some of their shares at a particular price either to the company itself or to another company: The shares rose 20% after the company said it would return $6 m to shareholders via a tender offer at 50 cents a share.

the act of offering to buy new shares at a particular price: The Swiss entrepreneur made a tender offer for 15% of the company at 2.34 a share.

tenner /'tena(r)/ noun [C] [informal)

(BrE) £10 or a ten-pound note: You can eat well here for under a tenner.

[AmE) ten dollars

tenor /'tena(r)/ noun [sing.] [Finance) the length of time stated on a bill of exchange, etc. before it becomes due for payment: the tenor of the bill ШШ term

tentative /'tentativ/ adjective

(about an arrangement, agreement, etc.) not definite or certain because you may want to change it later: The airline has reached a tentative agreement with its employees, о There are tentative signs of recovery in the advertising market.

not behaving with confidence; not done with confidence: Consumers are no longer tentative about online shopping.

► 'tentatively adverb 'tentativeness noun [u] tenure /'tenja(r)/ noun [u] see also: job tenure

the period of time when sb holds an important job: The company's share price trebled under his tenure as Chief Executive.

(HR) the right to stay permanently in your job, especially as a teacher at a university: It's still extremely difficult to get tenure. -» lifetime employment 3 {Law) the legal right to live in a house or use a piece of land: When you rent a house here, you don't have security of tenure.

tepid /'tepid/ adjective (used especially in newspapers) lower in level, less successful, less good, etc. than expected: A tepid economy is discouraging investors, о The company's sales rose a tepid 0.4%.

term /t3:m; AmE torn/ noun, verb

noun

see also: fixed term, long--, medium--, near--, short--

terminate /'t3rmimeit; AmE't3:rm-/ verb

[+ obj or no obj] to end; to make sth end: Your contract of employment terminates in May. о The agreement was terminated immediately.

(HR) [+ obj] (especially AmE) to remove sb from their job: They had been terminating people in their fifties, о terminated employees See note at dismiss

termination /,t3:mi'neijn; AmE ,t3:rm-/ noun [U,C]

the act of ending sth; the end of sth: Failure to comply with these conditions will result in termination of the contract.

(HR) (especially AmE) the act of removing sb from their job: He sued the company for wrongful termination, о Employees are entitled to receive either notice of termination or termination pay.

.termination chargenoun [c, usually pi.] the fee for making a call to a mobile phone/ cellphone from another system

term in.surance = term assurance

term loannoun [c](Finance) a loan for a fixed period of time, usually from a bank to a company, that is repaid in regular amounts: The company has decided to cancel the $500 million three-year term loan.

terms /t3:mz; AmE t3:rmz/ noun [pi.]

see also: account terms, credit easy trade ~

559 test

territory /'terdtri; AmE -to:ri/ noun [C,U] (plural territories)

see also: negative territory, positive sales ~

an area of a town, a country or the world that sb has responsibility for in their work: Our representatives cover a very large territory.

area (1)

an area of knowledge or activity: Legal problems are Andy's territory (= he deals with them), о This type of work is uncharted territory (= completely new) for US. area (3)