Simple Definition of counteroffer
: an offer that is made by someone in response to a previous offer
Full Definition of counteroffer
: a return offer made by one who has rejected an offer
Examples of counteroffer in a sentence
He turned down the deal and came back with a counteroffer asking for more money.
First Known Use of counteroffer
Legal Definition of counteroffer
: an offer that is made in response to another and that has additional or differing terms
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.
Learn More about counteroffer
Britannica English: Translation of counteroffer for Arabic speakers
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