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 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

In all those cases, someone said, “I’m going to give you $200,000,” and the artist comes back to me and goes, “Well, what’s your counteroffer?”

From Los Angeles Times

When county officials made a counteroffer, he said, “they came with a pittance.”

From Los Angeles Times

Officials from various countries serving as intermediaries will gather again in Cairo this week to go over the counteroffer and see if further progress can be made.

From New York Times