The act of haggling, bargaining, or engaging in petty trading; negotiating over prices or terms.
From chaffer with the gerund/present participle -ing suffix. Describes the continuous activity of haggling and negotiation.
Chaffering is the exact opposite of a fixed price—it's the back-and-forth friction of negotiation, which is why it's so perfect for describing Middle Eastern bazaars where haggling is an art form!
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