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

Examples of counterbid in a Sentence

Recent Examples on the Web Bloomberg reported shortly thereafter that the second group is now preparing a counterbid of its own, setting the stage for an auction this coming week that should settle things once and for all. Kevin Dowd, Forbes, 9 May 2021

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'counterbid.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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 26 May. 2024.

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