Etymology
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counterbalance (v.)

"to weigh against with an equal weight; to serve as a counterpoise to," 1610s, from counter- + balance (v.), in reference to scales. Figurative use dates from 1630s. As a noun, from 1610s, "equal weight or power;" figuratively, "influence acting in opposition," from 1630s.

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Definitions of counterbalance
1
counterbalance (v.)
adjust for;
Synonyms: compensate / correct / make up / even out / even off / even up
counterbalance (v.)
contrast with equal weight or force;
Synonyms: oppose
counterbalance (v.)
oppose and mitigate the effects of by contrary actions;
2
counterbalance (n.)
a weight that balances another weight;
Synonyms: counterweight / counterpoise / balance / equalizer / equaliser
counterbalance (n.)
equality of distribution;
counterbalance (n.)
a compensating equivalent;
Synonyms: offset
From wordnet.princeton.edu