counterbid

noun

coun·​ter·​bid ˌkau̇n-tər-ˈbid How to pronounce counterbid (audio)
plural counterbids or counter-bids
: a bid made in response to another bid
After three days of further bids and counterbids, with the threat of action by competitors not hitherto involved, Axelman made McKee an especially attractive offer … Paul S. Nathan
… when the terms of the bid are agreed by the boards of the two companies, and no other company makes a counter-bid, the whole operation can be carried out relatively simply and inexpensively. L. C. B. Gower
counterbid verb, transitive + intransitive
or counter-bid
counterbid or counter-bid; counterbidding or counter-bidding
Marriott counterbid days later, offering $13.6 billion; Anbang responded on March 28, offering $14.2 billion … Laura Berman

Word History

First Known Use

1847, in the meaning defined above

Time Traveler
The first known use of counterbid was in 1847

Dictionary Entries Near counterbid

Cite this Entry

“Counterbid.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/counterbid. Accessed 27 Nov. 2022.

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