Deals: meaning, definitions and examples

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deals

 

[diːlz ]

Definitions

Context #1 | Noun

business

Deals are agreements or arrangements between two or more parties, usually in a business context, to buy, sell, or trade goods or services at a specific price or under specific terms.

Synonyms

agreement, contract, transaction.

Which Synonym Should You Choose?

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Word Description / Examples
deals

Used in a business context where two or more parties negotiate terms for a mutual benefit, often in a less formal setting.

  • The company secured several lucrative deals with overseas partners.
  • Let's discuss the deals we've closed this quarter.
agreement

Refers to a mutual understanding or arrangement between two or more parties. It can be in both formal and informal contexts.

  • We need to come to an agreement before we move forward.
  • The two companies signed an agreement to collaborate on the project.
transaction

Generally used in financial contexts to describe the action of buying, selling, or transferring goods, services, or money.

  • The transaction went through without any issues.
  • He keeps records of every transaction for tax purposes.
contract

A formal, legally binding document that outlines the specific terms and conditions agreed upon by the parties involved.

  • She reviewed the contract before signing it.
  • The contract stipulates the payment schedule and deliverables.

Examples of usage

  • They struck a lucrative deal with the overseas supplier.
  • The merger resulted in a major deal in the telecommunications industry.
Context #2 | Noun

informal

Deals can also refer to special offers, discounts, or promotions in retail or online shopping.

Synonyms

bargains, discounts, offers.

Which Synonym Should You Choose?

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Word Description / Examples
deals

Use this word when talking about any general agreement or arrangement, often related to buying or selling something. It can be used in a variety of contexts, such as business transactions or finding good prices.

  • We found some great deals on holiday packages.
  • The company made a deal with a new supplier.
discounts

This term is typically used when talking about reductions in price, often expressed as a percentage. It is commonly seen in sales, promotional offers, or special pricing for specific groups of people.

  • The store is offering a 20% discount on all electronics.
  • Students can get a discount with a valid ID.
bargains

This word is best used when referring to something being sold at a price lower than its usual cost. It has a positive connotation, suggesting that the buyer is getting a good value.

  • I love shopping at that store because there are always great bargains.
  • I got this shirt for half price, it was such a bargain!
offers

Use this word when referring to special promotional deals or increases in value, often provided by businesses to attract customers. Offers can include discounts, added bonuses, or exclusive deals.

  • The restaurant has a special offer this weekend: buy one meal, get one free.
  • They are promoting a limited-time offer for new customers.

Examples of usage

  • Check out these amazing deals on electronics!
  • I got a great deal on this jacket during the sale.
Context #3 | Verb

negotiation

To deal with something means to handle or manage a situation, especially in a skillful or effective way.

Synonyms

cope, handle, manage.

Which Synonym Should You Choose?

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Word Description / Examples
deals

Typically used in business or trade settings, referring to agreements, transactions, or negotiations between parties.

  • The company secured several lucrative deals this quarter.
  • He deals in antiques and rare collectibles.
manage

Applies to overseeing, directing, or controlling a situation, organization, or group, often involving a certain degree of leadership or responsibility.

  • She manages a team of five engineers.
  • It's important to manage your time effectively to meet deadlines.
cope

Used when talking about handling or managing challenging or stressful situations, often in a personal or emotional context.

  • She has learned to cope with the loss of her loved one.
  • It's hard to cope with the pressure at work sometimes.

Examples of usage

  • She knows how to deal with difficult customers.
  • The team dealt with the unexpected challenges successfully.

Interesting Facts

Economic Concepts

  • Deals can involve discounts, where items are sold for less than the original price, making them attractive to shoppers.
  • Bargaining is a common practice where people negotiate deals to reach a fair agreement for both parties.
  • Limited-time offers create a sense of urgency, encouraging quick decisions from consumers.

History of Trade

  • The concept of agreements dates back to ancient civilizations, where people would trade goods for services or other goods.
  • In medieval markets, traders would often establish deals based on trust, which was essential for maintaining relationships.
  • The Silk Road facilitated numerous deals across cultures, leading to the exchange of not just goods, but also ideas and customs.

Pop Culture

  • Deals become a central theme in many reality TV shows, where participants negotiate for prizes and benefits.
  • Promotions like 'Black Friday' have turned deals into major shopping events, often leading to overnight lines and sales.
  • The phrase 'What’s the deal?' has become a popular colloquialism, used to ask about something’s details or special offers.

Psychology

  • People often feel happier when getting a deal because it triggers a reward response in the brain, creating a feeling of victory.
  • Social exchanges, like making deals, can foster teamwork and bonding, as individuals work together to reach mutual benefits.
  • The fear of missing out (FOMO) can strongly influence people to strike deals quickly, especially when promotions are limited.

Modern Technology

  • Online platforms have revolutionized deals, providing instantaneous access to discounts and special offers around the clock.
  • Digital coupon apps allow users to find and redeem deals directly from their smartphones, adding convenience to shopping.
  • E-commerce has made it easier to compare deals across different sites, enabling consumers to make informed purchasing decisions.

Translations

Translations of the word "deals" in other languages:

🇵🇹 acordos

🇮🇳 सौदे

🇩🇪 Geschäfte

🇮🇩 kesepakatan

🇺🇦 угоди

🇵🇱 umowy

🇯🇵 取引

🇫🇷 accords

🇪🇸 acuerdos

🇹🇷 anlaşmalar

🇰🇷 거래

🇸🇦 صفقات

🇨🇿 dohody

🇸🇰 dohody

🇨🇳 交易

🇸🇮 posli

🇮🇸 samningar

🇰🇿 келісімдер

🇬🇪 გარიგებები

🇦🇿 müqavilələr

🇲🇽 acuerdos

Word Frequency Rank

Ranking #3,743, this word is part of upper-intermediate vocabulary. While not among the most basic terms, it appears often enough to be valuable for advanced communication.