›[C,usually plural or U]a formal discussion between people who are trying to reach an agreement: begin/enter into/be in negotiations (with someone)The board is certainly willing to enter into negotiations to find common ground, he said.The company is starting a new round of negotiations with its main workforce.budget/contract negotiationsThere was little room for negotiation.
open to negotiation›able to be discussed and changed by people who are trying to reach an agreement: The terms of the contract are still open to negotiation.
under negotiation›in the process of being discussed by people who are trying to reach an agreement: The revised contract has been under negotiation for several months.
›[U]FINANCE, BANKINGthe process of changing a cheque into money: Payment by negotiation can only be used if the draft or cheque is in the local currency of the country on which it is drawn.a negotiation fee
›[U]FINANCEthe process of changing the legal owner of a cheque, a bill of exchange, etc.: The transfer of a cheque by negotiation is a transfer from the holder to another person.