counteroffer

counteroffer
coun·ter·of·fer /'kau̇n-tər-ˌȯ-fər/ n: an offer that is made in response to another and that has additional or differing terms
◇ Under common law, a counteroffer does not constitute an acceptance of an offer and is often considered a rejection of the offer.
counteroffer vi

Merriam-Webster’s Dictionary of Law. . 1996.

counteroffer
noun casus foederis, contractual terms, counterbid, counterclause, counterconditions, counterexception, counterlimitation, countermeasure, counterplan, counterpresentation, counterproposal, counterproposition, counterprovision, counterqualification, counterrecommendation, counterrequest, counterreservation, counterstipulation, countersuggestion, hard bargaining, negotiation, new offer, part of the bargain, responsive offer, set of terms, terms proposed

Burton's Legal Thesaurus. . 2006


counteroffer
The rejection of an offer to enter into a contract that simultaneously makes a different offer, changing the terms of the original offer in some way. For example, if a buyer offers $5000 for a used car, and the seller replies that he wants $5500, the seller has rejected the buyer's offer of $5000 and has made a counteroffer to sell at $5500. The legal significance of a counteroffer is that it completely voids the original offer.
Category: Real Estate & Rental Property → Buying a House

Nolo’s Plain-English Law Dictionary. . 2009.


counteroffer
n. An offeree's counterproposal to a contract offer. Such a proposal constitutes a rejection of the original offer as well as an offer for the original offeree to consider.

Webster's New World Law Dictionary. . 2000.


counteroffer
In contract law, a proposal made in response to an original offer modifying its terms, but which has the legal effect of rejecting it.

Dictionary from West's Encyclopedia of American Law. 2005.


counteroffer
In contract law, a proposal made in response to an original offer modifying its terms, but which has the legal effect of rejecting it.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

  • counteroffer — 1788, from COUNTER (Cf. counter ) + OFFER (Cf. offer) (n.) …   Etymology dictionary

  • counteroffer — [kount′ər ôf΄ər] n. an offer proposed in response to one that is unsatisfactory …   English World dictionary

  • Counteroffer — A type of offer made in response to another offer, which was seen as unacceptable. A counteroffer revises the initial offer, making it more appealing for the person making the new offer. Responding with a counteroffer allows a person to decline… …   Investment dictionary

  • counteroffer — UK [ˈkaʊntə(r)ˌɒfə(r)] / US [ˈkaʊntərˌɔfər] noun [countable] Word forms counteroffer : singular counteroffer plural counteroffers business an offer made as an answer to another offer that you do not want to accept, for example an offer by the… …   English dictionary

  • counteroffer —    An offer made in response to a previous offer during contract negotiations. The counteroffer rejects the previous offer and simultaneously makes a different offer, changing the terms in some way. For example, if a buyer offers $500 for a used… …   Business law dictionary

  • counteroffer — n. to make a counteroffer * * * [ kaʊntəˌrɒfə] to make a counteroffer …   Combinatory dictionary

  • counteroffer — A reply made to a bid If a seller makes an offer of goods on specified terms at a specified price, the buyer may accept it or make a bid against the offer. Sellers who find the bid unacceptable may make a counteroffer, usually on terms or at a… …   Big dictionary of business and management

  • counteroffer — An offer made by one of two negotiating parties in response to an offer by the other party. Where an acceptance of an offer is conditional, or introduces a new term, or varies substantially in any way from the terms of the offer, it may be… …   Ballentine's law dictionary

  • counteroffer — noun Date: 1788 a return offer made by one who has rejected an offer …   New Collegiate Dictionary

  • counteroffer — /kown teuhr aw feuhr, of euhr, kown teuhr aw feuhr, of euhr/, n. an offer or proposal made to offset or substitute for an earlier offer made by another. [1780 90; COUNTER + OFFER] * * * …   Universalium

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