Definitions for "Concessions" Add To Word List
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Sacrifices made by a party to convince another party to enter a contract.
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During negotiations, these are the items that each party is willing to give up in order to get the items each party really wants.
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Items in the contract that the union sacrifices during contract negotiations. A strong union membership works to maintain a strong contract, resisting concessions.
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The items each party is willing to give up in order to make a deal work.
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Additional value granted by a buyer or seller to entice another party to complete a deal.
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