counterbid
Intermediate (B1)
IPA: //ˈkaʊntərˌbɪd//
KK: /ˈkaʊntərˌbɪd/
noun
Definition
A proposal to offer a different amount of money in response to an earlier offer made by someone else.
Example
The company submitted a counterbid after reviewing the initial proposal from their competitor.
Conversation
Did you hear about the auction this weekend?
Yeah, I heard it's going to be competitive.
I was thinking of placing a counterbid if someone outbids me.
That sounds smart! You should definitely go for it.
Synonyms & Antonyms
Synonyms
rebid
offer
proposal
Antonyms
withdrawal
rejection
acceptance
verb
Definition
To make a bid in response to another bid, usually in an auction or negotiation context.
Example
She decided to counterbid after seeing the initial offer was too low.
Tense Forms
Past: counterbid
Past Participle: counterbid
Conversation
Did you hear about the auction next week?
Yeah, I'm thinking of bidding on that antique clock.
You should! But be ready to counterbid if someone goes higher.
Root Explanation
Counterbid → It is formed from "counter-" (meaning against) and "bid" (from Old English "biddan", meaning to offer or request). The word "counterbid" means to make an offer against another offer, typically in an auction or negotiation context.
Memory Tip
Think of making an offer "against" someone else's offer — that's what a counterbid means.
Visually Confused Words
cornerbind