of·fer /'ȯ-fər/ n
1: a proposal, promise, or other manifestation of willingness to make and fulfill a contract or to bargain under proposed terms with another party that has the power to accept it upon receiving it
2: a price named by one proposing to buy (as in a bid, bargain, or settlement): the amount of an offer to pay money
decided the offer was too low
offer vb
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.