standstill agreement

British  

noun

1. 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

---

Example Sentences

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

Cliffs has refused to sign a six-month standstill agreement that would prevent it from challenging U.S.

From Reuters • Sep. 20, 2023

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

That was put on hold by the July standstill agreement.

From Washington Post • Sep. 3, 2018

On Thursday, the Washington Post reported that the standstill agreement would likely remain in place when the regular season opens next week, and that little progress had been made in negotiations over a final policy.

From Slate • Aug. 30, 2018