Counteroffer (noun)

1. An offer made in response to a previous offer, typically with different terms or conditions.
2. A revised offer made by one party in response to a rejected offer.

Origin:

Derived from the phrase "counter offer" meaning a response to an offer with a different set of terms or conditions.

Examples:

1. The buyer made a counteroffer to the seller's asking price.
2. The seller rejected the initial offer but made a counteroffer to the buyer.
3. The company made a counteroffer to the employee's request for a raise.
4. The union made a counteroffer to the employer's proposal on wages and benefits.
5. The landlord made a counteroffer to the tenant's request for a lease extension.