1. A bid made in response to a previous bid, typically offering better terms or a higher price.
Usage: Often used in auctions, real estate, and contract negotiations.

1. To make a counterbid; to respond to a bid with a competing offer.
Usage: Third-person singular present or plural form of counterbid.

Examples

• The seller received three counterbids within hours of listing the property.
• When the initial offer came in at $500,000, the homeowner counterbids at $550,000.
• In the auction, several collectors counterbids aggressively for the rare painting.
• The company counterbids on the contract to secure the project.
• After the first bid was rejected, she counterbids with improved terms.
• Multiple counterbids drove the final price well above the opening estimate.