counterbid

noun coun·ter·bid \ ˌkau̇n-tər-ˈbid \

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

in the meaning defined above

See Words from the same year
NEW! Time Traveler

Seen and Heard

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

Love words? Need even more definitions?

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

Love words? Need even more definitions?

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