[countable] an agreement, especially in business, on particular conditions for buying or doing something to make/sign/conclude/close a deal (with somebody) (informal) Did you cut a deal (= make one)? We did a deal with the management on overtime. They were hoping for a better pay deal. A deal was struck after lengthy negotiations. The deal fell through (= no agreement was reached). I got a good deal on the car (= bought it cheaply). It's a deal! (= I agree to your terms) Listen. This is the deal (= this is what we have agreed and are going to do). As athletes prepare for the Olympics, sporting organizations are looking for big sponsorship deals to pay for the trip to Sydney.