noun

• 1A deal or transaction which is just or reasonable.

• 2US Politics
  historical With capital initials. A name for: the set of proposals aimed at improving social conditions in the United States, outlined by President H. S. Truman in 1949 at his State of the Union address. Compare "new deal".

  The Fair Deal included measures to provide increased public housing, federal aid to education and farmers, an increase in the minimum wage, the establishment of national health insurance, and the protection of civil rights for African-Americans. Much of the programme was never implemented, owing to strong conservative opposition in Congress.