counterbid

noun coun·ter·bid \ ˌkau̇n-tər-ˈbid \
Updated on: 15 Nov 2017

Definition of counterbid

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

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


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