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Finance Dictionary and Glossary of Investment Terms
retender
Definition 1.
The right of a holder of certain futures contracts, who has received a notice of intention to deliver from the clearinghouse, to offer the notice for sale on the open market, thus offsetting his obligation to take delivery under the contract.
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Definition 2.
The act of an investor selling the delivery note issued by a clearing house upon tender by the counter-party of the futures contract.
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