- negotiation ne‧go‧ti‧a‧tion [nɪˌgəʊʆiˈeɪʆn ǁ -ˌgoʊ-] noun [countable usually plural, uncountable]official discussions between groups who are trying to reach an agreement:
• The company entered into negotiations for the purchase of a site just outside the town.
• The terms of the contract are still open to negotiation (= can be discussed and changed ) .
* * *negotiation UK US /nɪˌgəʊʃiˈeɪʃən/ noun► [C, usually plural or U] a formal discussion between people who are trying to reach an agreement: begin/enter into/be in negotiations (with someone) »
The board is certainly willing to enter into negotiations to find common ground, he said.»
The company is starting a new round of negotiations with its main workforce.»
There was little room for negotiation.● open to negotiation — Cf. open to negotiation● under negotiation — Cf. under negotiation► [U] FINANCE, BANKING the process of changing a cheque into money: »
Payment by negotiation can only be used if the draft or cheque is in the local currency of the country on which it is drawn.»
a negotiation fee► [U] FINANCE the process of changing the legal owner of a cheque, a bill of exchange, etc.: »
The transfer of a cheque by negotiation is a transfer from the holder to another person.
Financial and business terms. 2012.