Definition, Meaning & Synonyms
counteroffer
noun
/ˈkaʊntərˌɔːfər/
Definition
A proposal made in response to an offer, suggesting different terms.
Examples
- After receiving the initial job offer, she prepared a counteroffer to negotiate a higher salary.
- The landlord’s counteroffer included reduced rent in exchange for a longer lease term.
- He made a counteroffer after realizing the first proposal didn’t meet his needs.
Meaning
A counteroffer is made when one party rejects the original offer and presents an alternative, modifying the terms of the agreement.
Synonyms
- revised proposal
- alternative offer
- adjusted bid
