standstill agreement
noun [ C ]
ukus FINANCE
a written agreement in which the person or organization that is trying to take control of a company agrees not to buy any more shares in the company, or to sell back the shares they have:
They currently own 51% of the group and have decided to sign a standstill agreement not to buy any more shares before October 2012.
FINANCE, LAW
an agreement between two people or companies in which the person or company lending money agrees that the loan need not be paid back for a period of time:
The company has a standstill agreement on its debt repayments.