package deal
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
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Examples of package deal in a Sentence
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
Definition of package deal for English Language Learners
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: a group of people or things which must be accepted together
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