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counteroffer

[koun-ter-aw-fer, -of-er, koun-ter-aw-fer, -of-er]
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noun
  1. an offer or proposal made to offset or substitute for an earlier offer made by another.
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Origin of counteroffer

First recorded in 1780–90; counter- + offer
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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British Dictionary definitions for counteroffer

counteroffer

noun
  1. a response to a bid in which a seller amends his original offer, making it more favourable to the buyer
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Word Origin and History for counteroffer

n.

1788, from counter- + offer (n.).

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Online Etymology Dictionary, © 2010 Douglas Harper