Definition of standstill agreement in English:

Share this entry

standstill agreement

Pronunciation: /ˈstan(d)ˌstil əˈɡrēmənt/


1An agreement between two countries in which a debt owed by one to the other is held in abeyance for a specified period.
Example sentences
  • The extension follows a two-week standstill agreement Genuity signed with its banks in July.
  • I accordingly approached the Dominions of India and Pakistan to enter into standstill agreement with my State.
  • Australia is also opposed to any standstill agreement whereby Australia will not be able to change the existing regulatory framework.
1.1An agreement between a company and a bidder for the company in which the bidder agrees to buy no more shares for a specified period.
Example sentences
  • The difficulty with a standstill agreement is that the proportion of the market that today's ‘new and emerging services’ will command tomorrow, cannot be known.
  • He was never asked to draft a standstill agreement.
  • Meanwhile O'Brien has refused to sign a standstill agreement which would require e-Island to withdraw for a specified period if the Eircom board rejected its bid.
Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.