Definition of standstill agreement in English:
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.
- 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:
- US English dictionary