standstill agreement
noun[C]
ukusFINANCE
a writtenagreementin which thepersonororganizationthat istryingto takecontrolof acompanyagreesnot tobuyany moresharesin thecompany, or tosellback thesharesthey have:
Theycurrentlyown 51% of thegroupand havedecidedtosignastandstillagreementnot tobuyany moresharesbeforeOctober2012.
FINANCE,LAW
anagreementbetween twopeopleorcompaniesin which thepersonorcompanylendingmoneyagreesthat theloanneed not bepaidback for aperiodoftime:
Thecompanyhasastandstillagreementonitsdebtrepayments.