treaty
noun [ C ]
uk/ˈtriːti/ usplural treaties GOVERNMENT, LAW
an agreement between two or more countries, formally approved by their governments:
ratify/sign a treaty The latest nation to ratify the treaty is France.
an air/trade treaty The US wants a new air treaty with the UK to lift barriers on the cities that each nations' carriers can serve.
LAW
a formal agreement between two people, companies, or organizations:
Sales of partnership property should be conducted by private treaty or at auction.
See also
contract noun
See also
commercial treaty
the Maastricht Treaty
private treaty