what is a counteroffer 
a counteroffer is a response given to an initial offer a counteroffer means the original offer was rejected and replaced with another one the counteroffer gives the original offerer three options accept the counteroffer reject it or make another offer counteroffers are prevalent in many types of business negotiations transactions contracts and private and public deals between two individuals or two entities you may find them in real estate deals employment negotiations car sales private placements mergers and acquisitions takeovers etc understanding counteroffers