bargain

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Related to bargaining for: Bargaining unit, collective bargaining, distributive bargaining, plea bargaining, integrative bargaining, Bargaining Power

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 ?
A significant amount of NZNO's resources in the private sector continues to go into collective bargaining for small numbers of members, or collective bargaining where union density is far less than half the potential membership at the site.
Clint Dunford, Minister of Human Resources and Employment said, "These changes will bring clarity and consistency to health bargaining for employers, employees and unions.
Smith coordinated and advised member companies in arbitration and grievances arising out of the national collective bargaining agreement and was a participant in collective bargaining for the National Bituminous Coal Wage Agreement of 1971.