One of the mysteries of the English language finally explained.
1An agreement between two countries in which a debt owed by one to the other is held in abeyance for a specified period.
- ‘In that context, the Bank agreeing unconditionally to a standstill agreement was not in the cards.’
- ‘A few months later a standstill agreement with the holders of the company's £6.5 billion debt mountain lapses, meaning the tunnel operator will have to start paying back some of the loan's principal.’
- ‘I accordingly approached the Dominions of India and Pakistan to enter into standstill agreement with my State.’
- ‘The extension follows a two-week standstill agreement Genuity signed with its banks in July.’
- ‘Australia is also opposed to any standstill agreement whereby Australia will not be able to change the existing regulatory framework.’
- 1.1 An agreement between a company and a bidder for the company in which the bidder agrees to buy no more shares for a specified period.
- ‘She, too, rejects the standstill agreement and cites pay television as an example.’
- ‘He was never asked to draft a standstill agreement.’
- ‘The difficulty with a standstill agreement is that the proportion of the market that today's ‘new and emerging services’ will command tomorrow, cannot be known.’
- ‘Meanwhile O'Brien has refused to sign a standstill agreement which would require e-Island to withdraw for a specified period if the Eircom board rejected its bid.’
- ‘A UTC insider said that it was not prepared to sign a standstill agreement.’
standstill agreement/ˈstan(d)ˌstil əˈɡrēmənt/
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