negotiation

  

Definitions (4)

1. General: Bargaining (give and take) process between two or more parties (each with its own aims, needs, and viewpoints) seeking to discover a common ground and reach an agreement to settle a matter of mutual concern or resolve a conflict. Noun form of the verb negotiate.
3. Contracting: Use of any method to award a contract other than sealed bidding.
4. Trading: Process by which a negotiable instrument is transferred from one party (transferor) to another (transferee) by endorsement or delivery. The transferee takes the instrument in good faith, for value, and without notice of any defect in the title of the transferor, and obtains an indefeasible title.

Use negotiation in a sentence

  • After a great deal of negotiation between the homeowner and an interested buyer, the house was sold to the buyer for $30,000 less than the original asking price.

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