Counter Bid definition
Counter Bid means the highest bid submitted in the E-Auction Process by the Challenger Bidder
Examples of Counter Bid in a sentence
Counter Bidding allows sellers who have placed a Minimum Bid or a Bid To Be Approved (BTBA) on a vehicle to directly Counter Bid the high bidder after the sale ends.
Where the Counter Bid is greater than the Competing Bid, the Seller shall accept the Counter Bid as the best and final offer for the Asset and thereafter seek approval of the sale from the Bankruptcy Court.