Compromise

Compromise
A negotiation strategy wherein parties agree to make mutual concessions to reach a consensus or settlement. In management and labor relations, compromise entails both parties yielding some demands to obtain mutually acceptable terms.
Impasse
A situation in which no progress is possible, often due to a disagreement or deadlock. For example, an impasse may occur during negotiations between an employer and a labor union when neither party is willing to compromise.

Accounting Terms Lexicon

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