negotiation
noun
, nonstandard -sē-
\
Definition of negotiation
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Synonyms for negotiation
Synonyms
accommodation, compromise, concession, give-and-take
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Examples of negotiation in a Sentence
Recent Examples on the Web
In September 2018, at the request of Ryan's representative, negotiations were paused to allow the player to focus entirely on his football. — SI.com, "Arsenal Target Ryan Fraser Continues to Stall on Bournemouth Contract Offer," 6 Sep. 2019 Rusk said the information could help buyers understand how their agents are getting paid, which could, in turn, lead to negotiations. — R.a. Schuetz, Houston Chronicle, "Real estate upstarts begin to lift the curtain on brokerage commissions," 6 Sep. 2019 Greenblatt, a former Trump Organization lawyer, has served as the president’s special representative for international negotiations and was tasked with developing a Middle East peace plan. — Alex Pappas | Fox News, Fox News, "Jason Greenblatt, diplomat pushing Middle East peace plan, to leave Trump administration," 6 Sep. 2019 Sarandos approached the Cinematheque about selling the Egyptian more than a year ago, but has recused himself from negotiations, people familiar with the matter said. — Ryan Faughnderstaff Writer, Los Angeles Times, "What happens when Netflix buys Hollywood’s iconic Egyptian Theatre? It’s complicated," 6 Sep. 2019 The report, detailing Schutt’s role in the incident, was completed July 1 by the Minneapolis law firm Ratwik, Roszak & Maloney and preceded settlement negotiations between Schutt and the city. — David Clarey, Twin Cities, "Report: Hastings fire chief’s resignation preceded by improper use of firetruck," 6 Sep. 2019 More recently, the union has focused more on winning a $15 minimum wage for its members in contract negotiations than on mass demonstrations. — Olivera Perkins, cleveland.com, "Ohio $15 minimum wage movement continues as employers adopt pay increases, supporters plan ballot issue," 2 Sep. 2019 SOLANA BEACH The Solana Beach City Council met in closed session Wednesday to discuss personnel, litigation and property negotiation. — Laura Groch, San Diego Union-Tribune, "How they voted, Sept. 1," 1 Sep. 2019 The breadth of footage that Bognar and Reichert capture over the next few years is staggering and includes intense labor on the factory floor, boardroom negotiations, and a unionization battle that ripples through each layer of the company. — David Sims, The Atlantic, "American Factory Is a Complex Chronicle of Global Capitalism," 30 Aug. 2019These example sentences are selected automatically from various online news sources to reflect current usage of the word 'negotiation.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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More Definitions for negotiation
negotiation
nounFinancial Definition of negotiation
What It Is
Negotiation is a process in which two or more parties resolve a dispute or come to a mutual agreement.
How It Works
Negotiations occur all the time in the business world, and they are often strategic in nature. In many cases, they require a good legal education and a good financial education so that the parties can understand each other, make sound decisions, and understand the potential consequences of those decisions.
Negotiation often takes place in these business situations:
1. Company A and Company B want to merge but must agree on price, financing, and management changes.
2. John Doe wants a job with Company XYZ but must negotiate his salary and benefits.
3. Company A wants to purchase supplies from Company B on certain payment terms.
4. Company A wants Company B to become a customer.
5. John Doe is suing Jane Smith, and Jane Smith offers to settle out of court for a certain amount of money.
6. Union ABC wants higher wages and pension contributions from Company XYZ.
7. Jane Smith wants to buy a house from John Doe.
Why It Matters
The list is endless. The important thing to remember is that negotiation is not necessarily adversarial; it often is a strategic process. The objective is to come up with an agreement that benefits all parties. Sometimes parties must give up some things, but this is indeed part of the negotiation, and giving something up frequently allows for gains in other areas of the negotiation.
The best negotiators prepare themselves by studying the situation extensively before entering the negotiating room. They also consider deadlines, timing, cultural expectations, personalities, and the distribution of information in their negotiating strategies.
Source: Investing Answers
negotiation
noun
English Language Learners Definition of negotiation
See the full definition for negotiation in the English Language Learners Dictionary
negotiation
noun
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Kids Definition of negotiation
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