Definition

1. Noun:
   • A new offer made in response to an offer that has been rejected: A "counteroffer" is a proposal made by someone who has received and turned down an initial offer, typically in negotiations. It represents a revised set of terms.

Usage

• A counteroffer is a formal part of negotiation processes in business, legal agreements, or real estate. It terminates the original offer, replacing it with new terms that the other party can then accept, reject, or counter again.

Examples

• Noun:
  • The seller rejected our initial bid but made a counteroffer that was $5,000 higher.
  • After receiving the job offer, she submitted a counteroffer requesting a higher salary and more vacation days.
  • Their counteroffer included a later delivery date, which was more acceptable to us.

Advanced Usage

• "To make/submit/present a counteroffer": The standard verbs used with this noun to describe the act of proposing new terms.
  • We decided to make a counteroffer to keep the negotiations alive.
• "To reject/accept/consider a counteroffer": Verbs describing the possible responses to a counteroffer.
  • The buyer quickly accepted our counteroffer.

Variants and Related Words

• Counter (verb): To oppose or respond to something with a contrary action. In negotiation contexts, it can mean to make a counteroffer.
  • They countered our proposal with one of their own.
• Counterproposal (noun): A synonym often used interchangeably with "counteroffer," emphasizing it is an alternative proposal.

Synonyms

• Counterproposal: An alternative plan or suggestion made in response to a previous one.
• Revised offer: An offer that has been altered from its original form.

Related Phrases

• Negotiating table: The metaphorical or literal place where offers and counteroffers are discussed.
  • After three rounds of counteroffers, they finally reached an agreement at the negotiating table.
• Back-and-forth: A phrase describing the exchange of offers and counteroffers.
  • The contract was finalized after a lengthy back-and-forth of counteroffers.

Noun

1. an offer made by someone who has rejected a prior offer