Meaning & Definition of word "Negotiation"

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    Negotiation

    /nɪˌɡoʊ.ʃiˈeɪ.ʃən/

    noun:

    • 1. The process by which two or more parties discuss and come to an agreement on a particular issue.
      • Example: The negotiation between the two countries focused on trade agreements.
    • 2. A discussion aimed at reaching an agreement.
      • Example: Her negotiation skills were pivotal in securing the partnership.
    • 3. A formal discussion between people who are trying to reach an agreement.
      • Example: The union and management had a long negotiation to resolve the labor dispute.

    Etymology

    From Latin negotiatio, from negotiari 'to carry on business'.

    Common Phrases and Expressions

    good faith negotiation:

    Negotiations conducted honestly and with sincere intent.

    negotiation table:

    A metaphorical or physical place where negotiation discussions take place.

    win-win negotiation:

    A negotiation strategy that seeks mutually beneficial outcomes.

    Related Words

    negotiate:

    To discuss something in order to reach an agreement.

    negotiator:

    A person who conducts negotiations.

    transaction:

    An instance of buying or selling something.

    Slang Meanings of negotiation

    Meaning: Deal-making

    Example Sentence: They're just doing some deal-making over there.

    Meaning: Cut a deal

    Example Sentence: Let's cut a deal that works for both of us.