What does counteroffer mean?
A proposal made in response to an initial offer, often with the intention of improving or modifying the original terms. In business or negotiation, a counteroffer is a response to an initial offer that attempts to alter the terms or conditions.
Example
"The company made a counteroffer to the employee, increasing the salary and offering additional benefits."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.