What does payment tendered mean?
Cash tendered is a sum of money given in payment. It may not be equal to the exact amount owed. Using cashiering as an example (which is part of a business’s A/R), cash is presented as payment for a service or to settle an outstanding bill. That cash is tendered.
What does tender mean in shipping?
A ship’s tender, usually referred to as a tender, is a boat, or a larger ship, used to service or support other boats or ships. This is generally done by transporting people or supplies to and from shore or another ship. Smaller boats may also have tenders, usually called dinghies.
What does tendered mean in logistics?
A tender is a formal proposal or request issued by a company, and sometimes government, to suppliers. Generally, the issuance of tender is a call for the suppliers to bid for the supply of a specific project, product or service.
What does the term tendered to mean?
Tendered to in Fedex has the same meaning as tendered to in DHL- your package has been dropped off to the last partner for final delivery. FedEx has passed your parcel on to USPS, and it is on its way to your local post office, where it will be scanned and delivered to your doorstep.
What means amount tendered?
The Tendered Amount is the total dollar amount of the payment made by any combination of cash, check(s), and/or credit/debit card. Note: If the Tendered Amount is greater than the payment amount due… Cash Amount = Tendered Amount – Change Back Amount.
What does tender mean on cash register?
The cash or tender button is used to input the customer’s payment and typically opens the till, or drawer under the keys where the money is kept. Some businesses use separate credit swipe machines and enter the credit charge amount as cash or tender on an older register.
Does tendered for delivery mean out for delivery?
When a shipment is tendered, notice is sent to a service provider with an offer to carry the shipment. This happens when FedEx passes off the shipment to the USPS, but prior to it being “out for delivery”. When a shipment is tendered, notice is sent to a service provider with an offer to carry the shipment.
What is tendering in transport?
What does tendering mean? One way of procuring contract transport services is through logistics tendering. A logistics tender is when shippers request carriers to quote for their business (shipping their goods) using an ‘invitation to tender’.
What does tender mean in business?
What is tendering? Tendering is a formal process where businesses are invited to bid for contracts from public or private sector organisations, which need specific skills for a project, or goods and services on an ongoing basis. The tendering process is designed to be fair and transparent.
What does amount tendered mean?
The Tendered Amount is the total dollar amount of the payment made by any combination of cash, check(s), and/or credit/debit card. Example: If the payor owes $475.00, and pays $500.00 in cash, then the Tendered Amount ($500.00) less the Change Back Amount ($25.00) is equal to the Cash Amount ($475.00).
What does tendered a check mean?
tender. 1) v. to present to another person an unconditional offer to enter into a contract. 2) to present payment to another. 3) n.
What is the meaning of tender of payment?
§ 3-603. TENDER OF PAYMENT. (a) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument, the effect of tender is governed by principles of law applicable to tender of payment under a simple contract.
What kind of ship is a ship’s tender?
A ship’s tender, usually referred to as a tender, is a boat, or a larger ship used to service a ship, generally by transporting people and/or supplies to and from shore or another ship.
What does it mean when your package is tendered for delivery?
In those situations you’ll probably see the “Tendered for Delivery” message pop up in your tracking information somewhere near it’s final delivery address. It may be the closest FedEx processing facility or the closest post office to its delivery address, but when this message pops up it means that your package has a pretty imminent ETA.
Why does a cruise ship have a tender day?
Crewmembers are typically available to help those who might need an extra hand. Because tenders can only carry so many passengers at a time, the stream of people exiting the ship on a tender day isn’t as steady as it is on a day when the vessel docks.