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armistice

noun/ˈɑːmɪstɪs/

B2CEFR level
45/100Rarity: uncommon
TechnicalRegister

A formal agreement between opposing parties to stop fighting.

The boardroom armistice held just long enough to complete the annual accounts.

Similar: truce, ceasefire

Topic: Negotiation in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Negotiation