offer to purchase
noun [ C ]
ukus 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.