Retract

Retract
The withdrawal of a bid, offer or statement before any relevant party acts on the information provided. In most circumstances, retracting an offer within a proper time frame will relieve a person of any obligations associated with the bid.

Before retracting a bid, there may be some things worth considering. For example, it is common practice in real estate transactions to provide a deposit, known as earnest money, to the seller. This shows the buyer's intention to complete the transaction. If the buyer decides to retract the offer on the property, he or she may also be required to forfeit the deposit.


Investment dictionary. . 2012.

Игры ⚽ Нужно решить контрольную?
Synonyms:

Look at other dictionaries:

  • retract — re‧tract [rɪˈtrækt] verb [transitive] 1. FINANCE if a company retracts bonds, shares etc, it takes them off the market by buying them back from investors; = RETIRE: • It will use its credit line to retract C$53.3 million in preferred shares. 2.… …   Financial and business terms

  • Retract — Re*tract (r[ e]*tr[=a]kt ), v. t. [imp. & p. p. {Retracted}; p. pr. & vb. n. {Retracting}.] [F. r[ e]tracter, L. retractare, retractatum, to handle again, reconsider, retract, fr. retrahere, retractum, to draw back. See {Retreat}.] 1. To draw… …   The Collaborative International Dictionary of English

  • retract — [ri trakt′] vt., vi. [ME retracten: in RETRACT sense 1 < L retractus, pp. of retrahere, to draw back < re , back + trahere, to DRAW; in RETRACT sense 2 < MFr retracter < L retractare, to draw back, withdraw < re , back + tractare,… …   English World dictionary

  • Retract — Re*tract , v. i. 1. To draw back; to draw up; as, muscles retract after amputation. [1913 Webster] 2. To take back what has been said; to withdraw a concession or a declaration. [1913 Webster] She will, and she will not; she grants, denies,… …   The Collaborative International Dictionary of English

  • retract — index abandon (withdraw), abolish, abrogate (annul), abrogate (rescind), adeem, annul …   Law dictionary

  • retract — RETRÁCT s.n. (jur.) Luare înapoi a unui bun, a unui drept alienat. [< fr. retrait]. Trimis de LauraGellner, 13.09.2007. Sursa: DN  RETRÁCT s. n. (jur.) luare înapoi a unui bun, a unui drept alienat. (< fr. retrait, lat. retractus) …   Dicționar Român

  • Retract — Re*tract , n. (Far.) The pricking of a horse s foot in nailing on a shoe. [1913 Webster] …   The Collaborative International Dictionary of English

  • Retract — Retract, s. Retractus …   Pierer's Universal-Lexikon

  • Retract — Retract, s. Näherrecht u. Zugrecht …   Herders Conversations-Lexikon

  • retract — (v.) early 15c., to draw (something) back, from L. retractus, pp. of retrahere (see RETRACTION (Cf. retraction)). Sense of to revoke, withdraw is attested from 1540s. Related: Retracted; retracting …   Etymology dictionary

  • retract — 1 retrograde, back, *recede, retreat Antonyms: protract 2 recant, *abjure, renounce, forswear Analogous words: eliminate, *exclude, suspend, rule out …   New Dictionary of Synonyms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”