A tender occurs when the holder of a check or other consumer transaction authorization demands payment.

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A tender refers to the offer of money or the act of making payment. When a holder of a check presents it for payment, they are not demanding payment in the context of a tender; rather, they are attempting to cash or deposit the check. A tender often refers to the act of offering payment in various forms, not specifically to demanding payment for a check or transaction authorization.

A Tender Occurs When the Holder of a Check or Other