- counter offer
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n.an offer made in response to a previous offer by the other party during negotiations for a final contract. Making a counter offer automatically rejects the prior offer, and requires an acceptance under the terms of the counter offer or there is no contract. Example: Susan Seller offers to sell her house for $150,000, to be paid in 60 days; Bruce Buyer receives the offer and gives Seller a counter offer of $140,000, payable in 45 days. The original offer is dead, despite the shorter time for payment since the price is lower. Seller then can choose to accept at $140,000, counter again at some compromise price, reject the counter offer, or let it expire.
Law dictionary. EdwART. 2013.
counter offer
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counter-offer — ˈcounter ˌoffer noun [countable] FINANCE an offer that is higher than a previous one, for example when more than one company is trying to take control of another company: • Celebrity voted to accept the RCI bid, despite a counter offer of $525… … Financial and business terms
counter-offer — / kaυntər ˌɒfə/ noun a higher or lower offer made in reply to another offer ● Smith Ltd made an offer of £1m for the property, and Blacks replied with a counter offer of £1.4m. ▪▪▪ ‘…the company set about paring costs and improving the design of… … Marketing dictionary in english
counter-offer — / kaυntər ˌɒfə/ noun a higher or lower offer made in reply to another offer ● Smith Ltd made an offer of £1m for the property, and Blacks replied with a counter offer of £1.4m. ▪▪▪ ‘…the company set about paring costs and improving the design of… … Dictionary of banking and finance
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