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The meaning of BARGAIN is an agreement between parties settling what each gives or receives in a transaction between them or what course of action or policy each pursues in respect to the other. bargain adjective [ before noun ] uk / ˈbɑː.ɡɪn / us / ˈbɑːr.ɡɪn / on sale for a low price, especially one that is lower than usual or less than the true value of something: Definition of bargain noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Something that is a bargain is good value for money, usually because it has been sold at a lower price than normal. At this price the wine is a bargain. Fresh salmon is a bargain at the supermarket this week. BARGAIN definition: an advantageous purchase, especially one acquired at less than the usual cost. See examples of bargain used in a sentence.