counter-bid UK US (also counterbid) noun [C] (also counter-offer) COMMERCE, FINANCE
► a situation in which someone offers to pay more than someone else for a company, property, etc.: »
The market is hoping for either a raised offer for the company or a counter-bid.
counter-bid (also counterbid) verb [I or T]
► »
They will make a higher bid for the company in the hope of dissuading competing businesses from counter-bidding.
Financial and business terms. 2012.