counter-offer
noun [ C ]
(also counteroffer) ukus COMMERCE, FINANCE
→ counter-bid :
Shares rose by 10.5p as speculation mounted of a counter-offer.
The state's power providers made a counter-offer of $700 million.
an offer that is made by one side in a disagreement after the other side has made an offer that is not acceptable:
Negotiations broke down after a demand for $12 million was met with a counteroffer of $8 million.
HR
a situation in which a company or organization offers an employee more money or a better job in order, for example, to try to prevent them moving to another company or organization where they have been offered a job:
When they realized that he was about to quit, they made a counter-offer, which he politely rejected.