Imagine you and your friends are playing a game and you want to make a deal with one of your friends. For example, you might say "if you lend me your toy truck, I'll let you play with my toy car." This is called a parley.
In real life, grown-ups also have parleys when they want to make deals or negotiations. This can happen in many different settings, like in business, politics or even in sports.
A parley usually involves two or more people who are disagreeing about something or want to find a way to work together. They sit down and talk about the problem, discussing different ideas and finding solutions that work for everyone.
It's important to remember that a parley should always be respectful and fair. It's not about trying to win or get the upper hand over someone else. Instead, it's about finding a way to solve a problem that makes everyone happy.