Definition
An "offeror" is the same as an "offerer": someone who makes an offer, especially in a legal or business context. It's the party proposing a deal, a contract, or terms of an agreement. They initiate the process by presenting something to another party for their consideration and acceptance. The offeror takes the first step in a potential transaction. In legal jargon, it is a party who makes a formal offer. It is much like a chess player making the first move ♟️.