What does split the difference mean?

Looking for the meaning or definition of the word split the difference? Here's what it means.

Verb In a financial transaction, to settle on an amount midway between the offer and the asking price. (idiomatic, by extension) To choose an option or take a position roughly midway between two opposed alternatives; to compromise. Find more words! 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What is the past tense of split the difference? Nearby Definitions splitters splitterism splittercore splitter buses splitter bus splitter split the house split the sheets split ticket split tickets Splittie Splitties