package deal

noun
Updated on: 13 Oct 2017

Definition of package deal

1 :an offer or agreement involving a number of related items or one making acceptance of one item dependent on the acceptance of another
2 :the items offered in a package deal

Examples of package deal in a Sentence

  1. They presented their proposals to the committee as a package deal.

First Known Use of package deal

circa 1948


Financial Definition of PACKAGE DEAL

package deal

What It Is

A package deal combines several products, discounts, features or services as one transaction.

How It Works

Let's say John Doe is considering taking a cruise. He could purchase his airfare and cruise separately for $500 and $1,500, respectively, or he could book the airfare through the cruise line and get a package deal for $1,800. By doing the package deal, he would save $200.

Why It Matters

Package deals occur throughout the consumer world. In many cases, they provide a way for a buyer to save money by purchasing a group of things he or she wants anyway and receive a reduced price. Often, package deals are available from vendors who are able to buy the items in bulk.

However, package deals often include items, products or services the consumer does not want. For example, cable subscription packages often include several channels that the consumer does not want or watch. Accordingly, promises of "all this for just $19.99 a month" can sometimes create situations in which consumers pay more than they would if they purchased the items separately.


PACKAGE DEAL Defined for English Language Learners

package deal

noun

Definition of package deal for English Language Learners

  • : a group of people or things which must be accepted together


Learn More about package deal


Seen and Heard

What made you want to look up package deal? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

WORD OF THE DAY

pleasing or sweet sound

Get Word of the Day daily email!

Test Your Vocabulary

Forms of Government Quiz

  • knupfer-painting-solon-before-croesus
  • A gerontocracy is rule by:
True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
Dictionary Devil

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!