standstill agreement
C1CEFR level
88/100Rarity: very rare
TechnicalRegister
Law noun
A pact barring a party from acquiring further shares or launching a bid for a defined period.
Access to the data room was conditioned on a two-year standstill agreement.
Business noun
A pact barring a party from buying more shares or launching a bid for a defined period.
We'll open the data room, but only behind a standstill so they can't use it to mount a hostile run.
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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