negotiation
1 of 1noun/nɪˌɡoʊʃiˈeɪʃən/
Forms:negotiations
1
formal discussion intended to reach an agreement
B2Learn more on Wikipedia- The negotiation between the two countries resulted in a historic peace treaty.
- After hours of negotiation, the union and management finally reached a compromise.
- The negotiation over the contract terms took longer than expected.
- Successful negotiation requires good communication and understanding of both parties' needs.
- The team entered negotiation with a strong position and clear objectives.
2
the act or process of transferring legal ownership of a document, such as a negotiable instrument
- The negotiation of the promissory note was completed yesterday.
- Banks handle negotiation of checks and bills of exchange.
- Legal advice is needed for negotiation of property deeds.
- The contract allowed for negotiation of the stock certificates.
- Negotiation of the document required both signatures.