offeree
Barron's Insurance Dictionary:
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Offeree
1. in life insurance, receipt by a company of an insurance application accompanied by the first premium.
2. in property and casualty insurance, a company’s receipt of an application.
| Offer and Acceptance, Offer, Off-Balance-Sheet Risk | |
| Office Burglary and Robbery Insurance, Office Personal Property Form, Officers Protective Marine Insurance |
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offeree
Barron's Real Estate Dictionary:
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offeree
One who receives an offer. Generally a buyer offers a purchase contract to an owner, which makes the owner the offeree. When the seller offers a contract to a buyer, the buyer is the offeree.
Example: Brewster offers Smithton a contract in which Brewster offers to pay $120,000 for a property. Smithton is the offeree.
Example: Brewster offers Smithton a contract in which Brewster offers to pay $120,000 for a property. Smithton is the offeree.
| Offer, Off-Site Improvements | |
| Offering Price, Offeror |
Word Tutor:
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offeree
IN BRIEF: One to whom something is presented for acceptance or rejection.
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Copyrights:
Barron's Insurance Dictionary
Dictionary of Insurance Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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Barron's Real Estate Dictionary
Dictionary of Real Estate Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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