One of the mysteries of the English language finally explained.
1A deal or transaction which is just or reasonable.
2US Politics. 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". Now historical.
Mid 19th century; earliest use found in Hampshire Advertiser. From fair + deal.
fair deal/ˌfɛː ˈdiːl/
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