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The formation of terumah is parallel to the formation of tenufah ('תְּנוּפָה, wave offering) from the verb stem nuf, "to wave," and both are found in the Hebrew Bible. [3] In a few verses, English Bible translations (such as the King James Version) have translated "heave offering," by analogy with "wave offering":
Various other offerings are also described as being waved as part of their ritual. After the ritual, the wave-offering then became the property of the priests. The noun tenufah (waving) is formed from the verb nuf in the same way as terumah, the heave offering, is formed from rum "heave."
The difference between the two is slight and mostly a matter of style: an LOI is typically written in letter form and focuses on the parties' intentions; a term sheet skips most of the formalities and lists deal terms in bullet-point or similar format. There is an implication that an LOI only refers to the final form.
Alternative public offering, an alternative to an initial public offering; Direct public offering, a method by which a business can offer stock directly to the public; Follow-on offering, an issuance of stock after the company's initial public offering
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If the offer was made to the entire world, such as in Carlill's case, [11] the revocation must take a form that is similar to the offer. However, an offer may not be revoked if it has been encapsulated in an option (see also option contract ), or if it is a " firm offer " in which case it is irrevocable for the period specified by the offeror.
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