Definition: An agreement between parties concerning the sale of property; or a contract by which one party binds himself to transfer the right to some property for a consideration, and the other party binds himself to receive the property and pay the consideration.

Alright class, settle down, let’s take a look! Today we're tackling the word "bargains," and it’s more than just a catchy phrase. The dictionary gives us a hefty definition – quite a mouthful, isn’t it? Let’s break it down piece by piece so it makes sense. Essentially, “bargains” means an agreement , a deal you make. Think of it like this: Parties involved: You need two folks, ready to agree – that's the first key! Sale of property: This could be anything really - a car, a house, even a shiny new toy! It’s about exchanging something for something else. Contract & Transfer: Now, this is important! A contract is like a promise written down – it says exactly what will happen. And the “transfer” means one person gives up their right to something (like ownership) and gets something back in return. Consideration: This is the ‘something’ you give or receive - it could be money, or even another item! So, "bargains" aren't just random words; they represent a formal arrangement, a trade, a deal . It's about coming to an understanding and exchanging value. Think of it like this rhyme: "A bargain’s a deal, so clear and bright, Two parties meet, with all their might, To swap and share, a price agreed, A contract formed, a promise freed!" Do you have any questions about what we've covered? Let's discuss!