单词 | standstill agreement |
释义 | > as lemmasstandstill agreement b. Of an arrangement, clause, etc.: designating or relating to an agreement to extend or prolong the present state of affairs between two or more parties for a specified period; spec. (a) Economics designating or relating to an agreement between two countries in which a debt owed by one to the other is held in abeyance for a specified period; (b) Business designating or relating to an agreement between a company and one of its stockholders, in which the stockholder agrees to buy no more of the company's shares for a specified period. Chiefly in standstill agreement. The original use of the term standstill agreement referred to an agreement that Allied banks and commercial businesses formed with German ones in 1931, in order to allow for the postponement of German short-term credit repayments in light of the country's severe economic plight. ΘΚΠ society > trade and finance > management of money > insolvency > indebtedness > [adjective] > relating to credit arrangements arranging1920 standstill1931 1931 Times 17 Aug. 9/2 The agreements negotiated between the national ‘standstill’ committees and the German bankers will..be mentioned in the report. 1931 Times 20 Aug. 9/1 The ‘standstill’ agreement for the prolongation of short-term credits to Germany was signed..today. 1955 Ann. Reg. 1954 425 Although further ‘reactivation’ of standstill debts was effected during the war, the amount of standstill debts declined substantially. 1970 Internat. & Compar. Law Q. 4th Ser. 19 ii. 270 Even an obligation of member States merely to abstain—a so-called standstill clause..must be clear enough as to permit its direct application. 1980 Wall St. Jrnl. 6 June 1/2 Diamond International disclosed that it is discussing several courses of action that include a ‘standstill agreement’ with Cavenham Holdings. 2003 D. L. Scott Wall St. Words (ed. 3) 358 As part of the standstill agreement, Kerkorian said he would not accumulate additional Chrysler shares, not attempt a hostile takeover, and not launch a proxy fight for a period of five years. < as lemmas |
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