bargain


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Bargain

A reciprocal understanding, contract, or agreement of any sort usually pertaining to the loan, sale, or exchange of property between two parties, one of whom wants to dispose of an item that the other wants to obtain. To work out the terms of an agreement; to negotiate in Good Faith for the purpose of entering into an agreement.

A union engages in Collective Bargaining on proposed contract terms.

bargain

n. 1) a mutual agreement or contract between two parties which is voluntary and involves the exchange of consideration (money, goods, services, or a promise for a promise). 2) a supposed good deal. (See: agreement, contract, consideration)

bargain

noun accord, accordance, agreement, collective agreement, compact, compromise, concord, concordance, concordat, contract, convention, covenant, mutual agreement, mutual pledge, mutual understanddng, mutual undertaking, pact, pactio, settlement, stipulation, treaty, understanding
Associated concepts: arm's-length bargain, bargain and sale deed, bargain and sale in a conveyance, bargain collectively, bargain in good faith, bargain in restraint of trade, bargaining agent, bargaining unit, benefit of the bargain rule, collective bargaining, collective bargaining agreement
See also: adjustment, agree, agreement, barter, close, compact, compromise, contract, deal, dicker, discount, exchange, haggle, negotiate, pact, provision, settlement, stipulate, stipulation, term, trade, treaty

GRANT, BARGAIN, AND SELL. - By the laws of the states of Pennsylvania, Delaware, Missouri, and Alabama, it is declared that the words grant, bargain, and sell) shall amount to a covenant that the grantor was seised of an estate in fee, freed from encumbrances done or suffered by him, and for quiet enjoyment as against all his acts. These words do not amount to a general warranty, but merely to a covenant that the grantor has not done any acts nor created any, encumbrance, by which the estate may be defeated. 2 Binn. R. 95 3 Penna. R. 313; 3 Penna., R. 317, note; 1 Rawle, 377; 1 Misso. 576. Vide 2 Caines R. 188; 1 Murph. R. 343; Id. 348; Ark. Rev. Stat, ch. 31, s. 1; 11 S. & R. 109.

References in classic literature ?
Bryce of course divined that Dunstan wanted to sell the horse, and Dunstan knew that he divined it (horse-dealing is only one of many human transactions carried on in this ingenious manner); and they both considered that the bargain was in its first stage, when Bryce replied ironically--
The magistrates soon began to suspect that the mint master would have the best of the bargain.
It is but justice to this gallant chief to say that he gave proofs of having acquired some of the lights of civilization from his proximity to the whites, as was evinced in his knowledge of driving a bargain.
As a bargain is a bargain, I feel great reluctance to disturb its sacred obligations, but I CANNOT suffer a child of mine to retain such a luxury, while a single individual can justly say that I owe him a dollar.
Above all other arts he had learned the art of driving a bargain.
He could never let slip an opportunity of making a bargain.
One can walk along at one's leisure behind that cow--keep good company, and have milk, butter, and cheese, every day, into the bargain.
A million and a half, and a prince, and an idiot into the bargain, they say.
Wilt thou close a bargain with me and take six marks for thine outfit?
The Sculptor replied, "Well, if you will buy these, I'll fling you that into the bargain.
Give up your ear-rings," and Charlie laughed wickedly, sure that she would never hold to that bargain.
Remember the bargain on your side," Geoffrey went on, "and I'll remember the bargain on mine.