negotiation

Definitions (4)
Related Terms
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.
2. Banking: Accepting or trading a negotiable instrument.
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

It is not always important to win or be right because sometimes relationships are more important than the argument and a negotiation can save a relationship
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Currently our businesses do not share the same interests to work with each other, but in the future we may be able to come to terms with each other through negotiation.
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The player and team management were in negotiation on the player's new contract which would include a lot of extra benefits.
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