negotiation
/nɪˌgəʊʃiˈeɪʃən/ nounDefinition
› [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 negotiations There 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, BANKING the 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] FINANCE the 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.
(Definition of negotiation noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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