Words / C / Law

concordat

noun/kənˈkɔːdæt/

C2CEFR level
88/100Rarity: very rare
TechnicalRegister

A formal agreement or protocol coordinating the conduct of parallel insolvency proceedings, especially across jurisdictions.

The office-holders in each country negotiated a concordat to govern the cross-border realisation of assets.

Similar: protocol

Topic: Insolvency & restructuring in Legal 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 law words: Insolvency & restructuring