Definition of standstill agreement in English:

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standstill agreement

Pronunciation: /ˈstan(d)ˌstil əˈɡrēmənt/

noun

Finance
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.

For editors and proofreaders

Syllabification: stand·still a·gree·ment

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