counter-bid
noun[C]
COMMERCE,FINANCE(alsocounterbid)ukus(alsocounter-offer)asituationin which someoneofferstopaymore than someoneelsefor acompany,property, etc.:
Themarketishopingfor either araisedofferfor thecompanyor a counter-bid.
counter-bid
verb[IorT](alsocounterbid)
They will make ahigherbidfor thecompanyin thehopeofdissuadingcompetingbusinessesfrom counter-bidding.