Meaning of the word "make a bargain" in English

What does "make a bargain" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

make a bargain

US /meɪk ə ˈbɑːrɡɪn/
UK /meɪk ə ˈbɑːɡɪn/

Idiom

to negotiate and agree on the terms of a deal or transaction

Example:
They managed to make a bargain for the old car.
It's important to make a bargain that benefits both parties.