Not a great, beneficial, or worthwhile person or thing. The candidate's election will prove to be no bargain for his party's opponents in congress, many of whom are up for reelection in two years' time. The new house is OK, but it's no bargain compared to our last place.
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.
n. not an especially good person or thing. This car gets me to work and back, but it’s no bargain.
McGraw-Hill's Dictionary of American Slang and Colloquial Expressions Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved.