ARRANGEMENT [C] › an arrangement or an agreement, especially in business: a business deal The police refused to do/make/strike a deal with the terrorists. PRICE [C] › the price you pay for something, and what you get for your money: I got a really good deal on my new car. a good/great deal › a lot: A great deal of time and effort went into arranging this party. I paid a good deal less than it was worth.