This term is part of our Unit 13: Business Negotiations vocabulary list. Please note that pronunciations can vary slightly even in the same dialect.
USA
UK
USA
UK
one's least beneficial but still acceptable outcome in the negotiation, also called LAA (Least Acceptable Alternative)
USA
UK
"The goal in any negotiation process is to come to an agreement that will suit you, so it's important to define your walkaway beforehand."