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English definition of “treaty”

treaty

noun [C]     /ˈtriːti/ (plural 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
(Definition of treaty noun from the Cambridge Business English Dictionary © Cambridge University Press)
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