n. An offer made in reply to an unacceptable offer
v. To offer as a counteroffer.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
n. an offer made by someone who has rejected a prior offer
Word Usage
"Democrats said those increases wouldn't have materialized since Republicans were simultaneously proposing large across-the-board tax cuts, and that their counteroffer was a way to test the seriousness of the idea."