the various elements that together make up the substance of a deal or compromise between two or more parties, with “puts” being the items of value that are offered or contributed, and “takes” referring to one side’s requirements or the value it expects to capture; these can serve as bargaining chips that are metaphorically placed on or removed from the table during negotiations; used in the context of deals that have a lot of moving parts, suggesting many small details that must be analyzed and valued appropriately before a successful conclusion can be reached, as in “We need to lay out all the puts and takes before we go ahead with this joint venture”