1. An offer, proposal, or bid that has been declined or refused by the recipient
The company's acquisition offer was rejected by the board of directors.
A oferta de aquisição da empresa foi rejeitada pelo conselho de administração.
2. In commercial or legal contexts, a formal proposal that has not been accepted
After the rejected offer, they decided to negotiate new terms.
Após a oferta rejeitada, decidiram negociar novos termos.