negotiation
/nɪˌɡəʊʃiˈeɪʃən/ · ne·go·ti·a·tion
noun
- The process of achieving agreement through discussion. The negotiation between the two companies lasted three weeks before they signed the merger agreement.
- A formal discussion aimed at reaching a settlement or contract. She was praised for her skillful negotiation of the labor contract.
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Did you know? Although today we think of negotiation as a diplomatic art, the word originally meant ‘business’ in Latin and only shifted to its modern sense of diplomatic discussion in the 1500s.