Word
bargaining
Phoneticsbar·gain·ing
US/ˈbɑɹɡɪnɪŋ/
UK/bˈɑːɡɪnɪŋ/
Definitions
01negotiating a deal
n. the act of discussing a price or agreement to reach a deal that is good for you.
n. the process of negotiation aimed at reaching an agreement or settlement, often involving compromise on price or conditions.
“After much bargaining, we finally agreed on a price for the used car.”
“The success of the merger depended on intense bargaining over the distribution of executive power and shareholder dividends.”
Usage
Often used in the phrase 'collective bargaining' in the context of labour unions.
Synonyms
02labour relations
n. discussions between workers and employers about pay and working conditions.
n. the formal process of negotiation between an employer and a group of employees, usually represented by a trade union.
“The union is currently in bargaining with the company for better health benefits.”
“Collective bargaining remains the primary mechanism through which industrial workers secure wage increases and improved safety standards.”
Academic · Formal
Usage
Commonly appears as 'collective bargaining'.
Synonyms
Real-World Examples
“Weeks of intense talks failed to produce a deal when Canada walked away from the bargaining table after a number of last-minute additions by the White House.” “The bargaining was “intense” and taking too long so he picked up the phone and called Dubas himself: if he really wanted him, why wouldn’t he pay him the $11 million?”