coun·​ter·​bid | \ ˌkau̇n-tər-ˈbid How to pronounce counterbid (audio) \
plural counterbids or counter-bids

Definition of counterbid

: 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

Other Words from counterbid

counterbid or counter-bid verb, transitive + intransitive 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

First Known Use of counterbid

1847, in the meaning defined above

Keep scrolling for more

Learn More about counterbid

Time Traveler for counterbid

Time Traveler

The first known use of counterbid was in 1847

See more words from the same year

Statistics for counterbid

Cite this Entry

“Counterbid.” Dictionary, Merriam-Webster, Accessed 13 Aug. 2020.

Comments on counterbid

What made you want to look up counterbid? Please tell us where you read or heard it (including the quote, if possible).


Test Your Vocabulary

Original Meanings Quiz

  • rembrandt painting a young scholar and his tutor
  • Which of the following is the earliest known sense of the word awe?
Spell It

Can you spell these 10 commonly misspelled words?

Bee Cubed

Test Your Knowledge - and learn some interesting things along the way.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!