Noun
/ˈkountərˌôfər/,/-ˌäfər/,
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An offer made in response to another,
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An offer made in response to another
Web Definitions:
- an offer made by someone who has rejected a prior offer
- An offer made in reply to an unacceptable offer; To offer as a counteroffer
- One party's written response to the other party's offer during purchase negotiations between buyer and seller.
- A new offer made as a reply to an offer received from another; this has the effect of rejecting the original offer, which cannot thereafter be accepted unless revived by the offeror's repeating it.
- A rejection of an original offer, combined with a new offer stating different terms and conditions.
- Rejection of an offer with a simultaneous substitute offer.
- An offer to extend credit on different terms than the applicant originally requested.
- Offer made by the buyer or seller in response to the other's bid.
- A response from the seller changing some of the terms of an original offer.
- When an original offer to the seller is not accepted, the seller may counteroffer.
- Is to reject an offer then to have another in its stead
- A new offer as to price, terms and/or conditions made in reply to and superseding a prior offer.