whatsthatwordmean

← Back
Guess

counterbid

/ˈkaʊntərˌbɪd/
noun
  1. A bid made in response to another bid, especially in an auction or negotiation, usually higher or more favorable.
    • The company made a counterbid of $5 million for the property.
    • The auctioneer accepted a counterbid from a latecomer.
    • After the initial offer, the seller's counterbid was much higher than expected.
Synonyms
offer
verb
  1. To make a bid in response to another bid, especially a higher or more competitive one.
    • We decided to counterbid when the other buyer raised the price.
    • The collector counterbid aggressively to win the rare painting.
    • If they offer $200, we will counterbid with $250.
Synonyms
outbidoverbid
What does "counterbid" mean? | whatsthatwordmean | whatsthatwordmean