Compromise

Business, Legal & Accounting Glossary

Definition: Compromise




What is the dictionary definition of Compromise?

Dictionary Definition


  1. Process of mutual accommodation in which each party gives up something valuable, but without any party abandoning its claim or resorting to confrontation, hostilities, or litigation.
  2. An unauthorised and weakening disclosure or modification of competitive, confidential, privileged, or proprietary information.

Also:

  • The settlement of differences by arbitration or by consent reached by mutual concessions.
  • A committal to something derogatory or objectionable; a prejudicial concession; a surrender.

Full Definition of Compromise


1) n. an agreement between opposing parties to settle a dispute or reach a settlement in which each gives some ground, rather than continue the dispute or go to trial. Judges encourage compromise and settlement, which is often economically sensible, since it avoids mounting attorneys’ fees and costs. 2) v. to reach a settlement in which each party gives up some demands.


Synonyms For Compromise


settlement, endanger, settle, accommodation, jeopardise

Cite Term


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https://payrollheaven.com/define/compromise/
Modern Language Association (MLA):
Compromise. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 22, 2021 https://payrollheaven.com/define/compromise/.
Chicago Manual of Style (CMS):
Compromise. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/compromise/ (accessed: September 22, 2021).
American Psychological Association (APA):
Compromise. PayrollHeaven.com. Retrieved September 22, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/compromise/

Definition Sources


Definitions for Compromise are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 43 Views.