Counteroffer (Noun)
Meaning
An offer made by someone who has rejected a prior offer.
Classification
Nouns denoting communicative processes and contents.
Examples
- The company made a counteroffer to the union, proposing a 3% raise instead of the 5% the union had demanded.
- After rejecting the initial bid, the buyer made a counteroffer of $200,000 for the house.
- The seller rejected the lowball offer and made a counteroffer of $500,000 for the property.
- The employee rejected the initial job offer and made a counteroffer, asking for a higher salary and more vacation time.
- The contractor made a counteroffer to the client, proposing a different materials and a revised timeline for the project.