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 periodicals archive ?
5% wage increase and not bargain away other conditions of employment, the Government could still have these conditions of employment reduced or removed through new regulations.
These church leaders should be doing everything possible to fight for a public option in health care to cover the poor of our society, the ones Jesus spoke of so often and would never bargain away for political and financial gain.
The contestant picks one to keep or bargain away as he chooses, in hopes that the chosen case contains a large amount of money.
Their value range offers cheap and cheerful clothes from handbags to dresses, aimed at those who love a bargain away from the mad rush and involuntary hot flushes that come with doing the sales.
It is precisely because we respect the ICC that we do not want to bargain away [its authority].