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Meaning of counteroffer

coun•ter•of•fer

Pronunciation: (koun"tur-ô'fur, -of'ur, koun'tur-ô"fur, -of"ur), [key]
— n.
  1. an offer or proposal made to offset or substitute for an earlier offer made by another.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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