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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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