counter offer

counter offer definition - business

counter offer

An alternate offer with different terms made in response to an offer that has been rejected. For example, a person with property for sale rejects a $7,000 per acre offer from a potential buyer and responds with a counter offer of $7,500 per acre.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.