ENGLISH BUSINESS VOCABULARY
NEGOTIATIONS VOCABULARY
The meaning of words relating to negotiations.
| WORD | MEANING |
| Agent | Person or company that acts for another and provides a specified service. |
| Agreement | Arrangement between two or more people or companies. |
| Bargain price | Reduced price. |
| Bedrock price | Lowest possible price. |
| Commitment | Engagement or undertaking: to commit oneself. |
| Compromise | Each party gives up certain demands in order to reach an agreement. |
| Condition | A stipulation or requirement which must be fulfilled. |
| Contract | Written agreement between two or more parties. |
| Counter-offer | Offer made in response to an offer by the other party. |
| Counter-productive | Having the opposite effect to that intended. |
| Deal | A business transaction. |
| Discount | Reduction in price. |
| Estimate | Approximate calculation of the cost. |
| Facilities | Equipment (for example, parking facilities). |
| Feasible | Possible, something that can be done. |
| Figure out | Find a solution; calculate or estimate the cost. |
| Know-how | Practical knowledge or skill. |
| Joint venture | A way of entering a foreign market by joining with a foreign company to manufacture or market a product or service. |
| Negotiate | Discuss a business deal in order to reach an agreement. |
| Point out | Draw attention to something (for example, the advantages of your proposal). |
| Proposal | Course of action, or plan, put forward for consideration: to make a proposal. |
| Quote | Give an estimated price (a quotation). |
| Range | A selection of products sold by a company. |
| Rebate | Reduction or discount. |
| Supply | Provide customers with goods or services. |
| Supplier | Person or company that supplies goods or services. |
| Tender | A written offer to execute work or supply goods at a fixed price. |
| Turnkey | Equipment ready for use or operation (for example, a plant or factory). |
| Underestimate | Make too low an estimate of something (cost, danger, difficulty). |
| Work out | Calculate (the price of something); find a solution. |