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negotiation /nɪˌgoʊʃiˈeɪʃən/  

  • noun
    plural -tions
    a formal discussion between people who are trying to reach an agreement :an act of negotiating [count]
    We need a negotiation between the townspeople and mayor over the site of the new library.
    usually plural
    She is skilled at negotiation.
    The contract is under negotiation. [=the details of the contract are being discussed]
    The price is open to negotiation. [=the price has not been finally decided and can be discussed]
    The team is in negotiation with the player. [=the team is discussing the details of a contract with the player]