Term of the Day: Negotiation

TERM OF THE DAY - OCTOBER 25, 2011 Add Investopedia to Safe Sender List Find Investopedia on Negotiation What Does it Mean? A strategic discussion that resolves an issue in a way that both parties find acceptable. In a negotiation, each party tries to persuade the other to agree with his or her point of view. In advance of the negotiation, participants learn as much as possible about the other party's position and what the strengths and weaknesses of that position are, and are prepared to defend their positions and counter the arguments the other party will likely make to defend their position. Investopedia Says... Many offers that people assume to be firm and final are actually flexible. For example, negotiation can be used to reduce debts, to lower the sale price of a house, to... Read more » TODAY'S NEWSLETTER IS SPONSORED BY: Slideshow - Financing For First-Time Homebuyers Many people considering buying their first home can be overwhelmed by the myriad of financing options available. But by taking the time to research the basics of property financing, homeowners can save a significant amount of time and money.  View the Slideshow » Special Feature - Careers Come here for tips to help you survive and beat recessionary job cuts. From searching to interviews, find out what you don't know for 2010. Click here for more. Related Terms Barter Best Alternative To A Negotiated Agreement - BATNA Brinkmanship Counterbid Counterparty See More » Related Links Master The Art Of Negotiation 6 Employment Perks And How To Get Them Why Successful Business Owners Sell Out See More » Find Term Of The day Useful? Check out our other FREE newsletters! Stock Watch Weekly Forex Weekly News To Use Warren Buffett Watch Investing Basics The Chart Advisor Report Professionals in the Money You are currently subscribed to term-of-the-day as: newsforward@autoforextradingpro.com To unsubscribe or change your email settings, please click here. Copyright © 2011 - All rights reserved. Investopedia ULC.