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
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Malaysia
Most popular in Pakistan