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