Simple past tense and past participle of countervail.(verb)
Wiktionary.org : Text is available under the Creative Commons Attribution-ShareAlike License
Use "countervailed" in a sentence
"Producers countervailed against retailers and retailers against distributors."
"However, the colonially appointed Durrani sovereign's apparent benevolence on this point was in fact countervailed because in the same letter he also announced the deputation of a mirza and two subcontracted agents of Nur Muhammad to collect arat or export commission fees from all nomads carrying Afghan fruit to India. 50"
"If the Clintons are a part of the colluding elites who enjoy personal advancement within the gridlock, then I hope they get countervailed along with the rest of the old establishment."