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standstill agreement

British

noun

an agreement that preserves the status quo, esp one between two countries when one country cannot pay its debts to the other that a certain fixed extension of time will be given to repay the debts

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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standstill agreement

The company would say later that Wilson also wanted to shorten the standstill agreement to as little as seven months.

From The Wall Street Journal ● May 19, 2026

Braemar kicked Ghassemieh off its board in February, saying that he had violated his standstill agreement with the company.

From Barron's ● Apr. 9, 2026

The Liberty Steel group owned by commodities tycoon Sanjeev Gupta said it has reached a standstill agreement with its largest creditor Greensill Bank on debt facilities for its European business.

From Reuters ● Jun. 14, 2022

By not joining the board, Musk is no longer subject to a standstill agreement that would have capped his stake at 14.9%.

From Los Angeles Times ● Apr. 11, 2022

All of that was halted, along with implementation of the May anthem policy, by the standstill agreement the league and union struck in July.

From Washington Post ● Aug. 30, 2018

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023