Meaning of the word counter-offer in English

What does counter-offer mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

counter-offer

US /ˈkaʊn.t̬ɚˌɑː.fɚ/
UK /ˈkaʊn.təˌɒf.ər/
"counter-offer" picture

Noun

an offer made in response to another, especially in business or real estate negotiations

Example:
The seller rejected our initial bid and made a counter-offer.
I am waiting for a counter-offer from the company regarding my salary.

Verb

to make an offer in response to another

Example:
We decided to counter-offer with a lower price.
If they ask for more, we will counter-offer.