offer to purchase UK US noun [C]
► COMMERCE, PROPERTY an offer to buy something, especially land or property, at a particular price: »
An offer to purchase is a written contract setting out the terms under which the buyer agrees to buy the home.
► FINANCE an offer to buy shareholders' shares in a takeover bid (= attempt to take control of a company): »
The Board reported that an improved offer to purchase had been received and that shareholders had been informed.
Financial and business terms. 2012.