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standstill agreement

Line breaks: stand|still agree|ment

Definition of standstill agreement in English:

noun

Finance
An agreement to maintain the present state of affairs, especially one made 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.

Definition of standstill agreement in:

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Pronunciation: prɪˈpəʊt(ə)nt
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