counteroffer

American  

[koun-ter-aw-fer, -of-er, koun-ter-aw-fer, -of-er] / ˌkaʊn tərˈɔ fər, -ˈɒf ər, ˈkaʊn tərˌɔ fər, -ˌɒf ər /

noun

1. an offer or proposal made to offset or substitute for an earlier offer made by another.

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counteroffer British  

/ ˈkaʊntərˌɒfə /

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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Etymology

Origin of counteroffer

First recorded in 1780–90; counter- + offer

Example Sentences

Diana dismissed the counteroffer as a distraction tactic and nominated candidates to fill all the seats on Genco’s board of directors, setting up a potential proxy fight.

From The Wall Street Journal

Follow-ups, counteroffers and negotiations are similarly prepared but never automated without human review.

From Los Angeles Times

Its bargaining team numbers 150 participants and the union posts online the offers and counteroffers from each side.

From Los Angeles Times

Diana said Tuesday that the counteroffer didn’t provide any financial details and dismissed it as a tactic to detract from its own takeover bid.

From The Wall Street Journal

If it deems Paramount’s superior, it is likely to begin negotiations with Paramount on a deal while giving Netflix four business days to respond with a counteroffer.

From The Wall Street Journal