What is give-and-take?

Answer 1

Give-and-Take is an idiom (or saying) which stands for a process of compromise or accommodation. For instance, the Israelis and the Palestinians are working towards a peaceful resolution, but they both realise it will require a lot of give-and-take. This can easily be confused with Give-or-Take, which sounds alike. However Give-or-Take has a different meaning. It stands for approximately, plus or minus some unknown number. For instance, if someone asked you how much they weigh, you could answer them: "I think you weigh 60kg, give or take.".