Definition of "counteroffer"
  1. A new offer made in response to an offer received, which voids the initial proposal by proposing different terms, such as a higher price
How to use "counteroffer" in a sentence
  1. In response to the initial pricing, the buyer made a counteroffer that was higher.
  2. The seller didn't accept the first offer but made a counteroffer instead.
  3. After considering the terms of the contract, they decided to make a counteroffer.

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