What is another word for counterbid?
Pronunciation: [kˈa͡ʊntəbˌɪd] (IPA) 
Counterbid, by definition, means an offer made in response to a previous one. There are a few synonyms used in the same context such as counteroffer, competing bid, rival bid, and opposing proposal. Counteroffer and counterbid can be used interchangeably and give the same meaning. Competing bid or rival bid highlights the competition between different parties offering to buy the same thing, especially in case of auctions or tenders. Similarly, opposing proposal shows that the two proposals are against each other, and they differ in terms of their goals and ideology. Overall, these synonyms convey the idea of making a new offer in response to another one, and they can be used depending on the context.
