Discussed and agreed in advance: you have the right to sell your stock at a pre-agreed price
More example sentences
- Profits are shared on a pre-agreed ratio, while losses are borne by the investor alone.
- Personal accident policies pay the pre-agreed levels of benefit to persons injured if an accident occurs within the terms of the policy.
- Instead they are paid a pre-agreed lump sum at a pre-agreed date usually about eight years after making their initial investment.