What is the term for an agreement reached by each side making concessions?

What is the term for an agreement reached by each side making concessions?

• A. Concession
• B. Accord
• C. Compromise
• D. Settlement

Answer: (C)

Compromise is when both sides in a negotiation give up some of what they want to reach an agreement that works for everyone. It centers on mutual concessions and finding a middle ground, which is exactly what happens when each side adjusts its demands to come to a deal. A single concession is just one side yielding, not the whole agreement; an accord is a formal agreement that may or may not emphasize the give-and-take; a settlement is about ending a dispute, which can involve concessions but isn’t defined by mutual compromise itself.

Compromise is when both sides in a negotiation give up some of what they want to reach an agreement that works for everyone. It centers on mutual concessions and finding a middle ground, which is exactly what happens when each side adjusts its demands to come to a deal. A single concession is just one side yielding, not the whole agreement; an accord is a formal agreement that may or may not emphasize the give-and-take; a settlement is about ending a dispute, which can involve concessions but isn’t defined by mutual compromise itself.