Tender of payment

Definition: Unconditional offer to pay the exact amount to satisfy a debt, in lieu of actual payment. A tender of payment may save the tendering party from the penalty for nonpayment if the other party refuses the tender without just cause. Public Policy at House Joint Resolution number 192 passed by the 73rd Congress of the United States, 1st Session, on June 5, 1933 at 4:40 p.m., hereinafter referred to as “HJR-192”, with said resolution having never been repealed and still being in full force and effect, and in accord with both the UNIFORM COMMERCIAL CODE and the TEXAS BUSINESS AND COMMERCE CODE concerning the discharge of debts,