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
Examples of 'standstill agreement' in a sentence
standstill agreement
It is seeking a standstill agreement with its creditors.
Times, Sunday Times (2009)
It later secured a standstill agreement to stabilise the business.
Times, Sunday Times (2010)
The prospect has receded, as the two have signed a standstill agreement preventing either from bidding for the other for ten years.
Times, Sunday Times (2007)
The standstill agreement, subject to approval from 90 per cent of lenders, was welcomed by unions.
Times, Sunday Times (2017)
In effect, standstill agreements can stop the clock.
Times, Sunday Times (2014)
It wanted them to put in place standstill agreements while the negotiations were taking place.
Times, Sunday Times (2008)
It had asked the banks to agree to standstill agreements while talks were held, but those agreements have not been put in place.