Definition from Wiktionary, the free dictionary
- Rhymes: -ɪd
counterbid (plural counterbids)
- (business) A bid made in response to a previous bid by another party
2009 January 24, “Certicom rebuffs RIM, sells to VeriSign”, in Toronto Star:
- RIM didn't immediately respond to questions about whether it will return to the table with a friendly counterbid.
- To make a counterbid