Usually means: Mutual agreement to contractual terms.
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We found 4 dictionaries that define the word offer and acceptance:

General (1 matching dictionary)
  1. Offer and acceptance: Wikipedia, the Free Encyclopedia

Business (3 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. Offer and acceptance, Offer and acceptance: Legal dictionary

Definitions from Wikipedia (Offer and acceptance)

noun:  generally recognized as essential requirements for the formation of a contract (together with other requirements such as consideration and legal capacity).


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