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Counteroffer

counteroffer n

: an offer that is made in response to another and that has additional or differing terms NOTE: Under common law, a counteroffer does not constitute an acceptance of an offer and is often considered a rejection of the offer.
counteroffer vi


Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.