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Definition counteroffer in British English

counteroffer noun

[countable] noun
/ˈkaʊntə(r)ˌɒfə(r)/
1

an offer made as an answer to another offer that you do not want to accept, for example an offer by the seller of a higher price than was offered by the buyer, but lower than the first price that was asked

Example

The vendor quickly came back with a counteroffer.

Synonyms and related words
Definition counteroffer in British English