A labor union designated by an appropriate government agency or recognized by the employer as the exclusive representative of all employees in the bargaining unit for purposes of collective bargaining

plural of bargaining power

(US, law) An agreement in which a defendant agrees to plead guilty to a lesser charge instead of not guilty to a greater one

(US, law) Alternative form of plea bargain (“an agreement between a defendant and the prosecution in which the defendant agrees to a plea such as guilty or nolo contendere to a lesser charge rather than contesting a greater charge”).

(US, law) To make an agreement in which a defendant agrees to plead guilty to a lesser charge instead of not guilty to a greater one.

(economics) The ability to influence the setting of prices or wages, usually arising from some sort of monopoly or monopsony position, or a non-equilibrium situation in the market.

(idiomatic) An agreement in which a person abandons his or her spiritual values or moral principles in order to obtain knowledge, wealth or other benefits.

Someone or something used as a leverage in negotiations.

plural of bargain bin

A container holding miscellaneous discounted merchandise in a retail store.