tv. to arrange a deal; to seal a bargain. : Maybe we can cut a deal. Let's talk.
Dictionary of American Slang and Colloquial Expressions by Richard A. Spears.Fourth Edition. Copyright 2007. Published by McGraw Hill.
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Idioms & Phrases
cut a deal
Offer or arrange an agreement or compromise, as in The administration is hoping to cut a deal with Japan. This expression uses deal in the sense of "business transaction." [Colloquial; 1970s]