(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.

Someone or something used as a leverage in negotiations.

(industrial relations) The situation where a trade union gains a new and superior entitlement from one employer and then uses that agreement as a precedent to demand the same or better from other employers.

Synonym of bargaining chip

plural of bargaining counter

present participle of plea-bargain

plural of bargaining chip

plural of bargaining unit

plural of plea bargain

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