Meaning of “treaty” in the English Dictionary

"treaty" in American English

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treatynoun [ C ]

us /ˈtri·t̬i/

politics & government a written agreement between two or more countries that is formally approved and signed by their leaders:

Under the treaty (= according to the agreement), inspections are required to see if any country is secretly developing nuclear arms.

(Definition of “treaty” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"treaty" in Business English

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treatynoun [ C ]

uk /ˈtriːti/ us 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.
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(Definition of “treaty” from the Cambridge Business English Dictionary © Cambridge University Press)