Definition, Meaning & Synonyms
counteroffer
noun
/ˈkaʊntərˌɔːfər/
Definition
A response to an offer in which the terms are changed, indicating a willingness to negotiate rather than accept the original offer.
Examples
- After much discussion, she made a counteroffer to the job salary.
- The seller received a counteroffer from the potential buyer.
- He considered the counteroffer carefully before deciding to accept it.
Meaning
A counteroffer is proposed when one party does not accept the initial terms offered by another party, thereby suggesting alternative terms.
Synonyms
- revised offer
- alternative offer
- negotiation
