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2 definitions found

From: Webster's Revised Unabridged Dictionary (1913)

 Gen·tle·men's a·gree·ment An agreement binding only as a matter of honor; often, specif., such an agreement among the heads of industrial or merchantile enterprises, the terms of which could not be included and enforced in a legal contract.

From: WordNet (r) 2.0

 gentlemen's agreement
      n : a personal agreement based on honor and not legally binding