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counteroffer

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noun coun·ter·of·fer \-ˌȯ-fər, -ˌä-fər\

Simple Definition of counteroffer

  • : an offer that is made by someone in response to a previous offer

Source: Merriam-Webster's Learner's Dictionary

Full Definition of counteroffer

  1. :  a return offer made by one who has rejected an offer

Examples of counteroffer in a sentence

  1. He turned down the deal and came back with a counteroffer asking for more money.



1788

First Known Use of counteroffer

1788

Rhymes with counteroffer


Law Dictionary

counteroffer

play
noun coun·ter·of·fer \ˈkau̇n-tər-ˌȯ-fər\

Legal Definition of counteroffer

  1. :  an offer that is made in response to another and that has additional or differing terms

counteroffer intransitive verb


Additional Notes on counteroffer

Under common law, a counteroffer does not constitute an acceptance of an offer and is often considered a rejection of the offer.


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