Gentleman's Agreement

An unwritten agreement or transaction backed only by the integrity of the counterparty to actually abide by the terms of the agreement. An agreement like this is not legally binding and could have a negative effect on business relationships if one party decides to default on their promise.

For example, if an employee at a company says they will get you a job and you have nothing to worry about, this is an example of a gentleman's agreement. However if they are unable to get you the job then you have no legal recourse.

Investment dictionary. . 2012.

Look at other dictionaries:

  • gentleman's agreement — ➔ agreement * * * gentleman s agreement UK US noun [C] ► an agreement that is based on trust and is not in writing: »We came to a gentleman s agreement that if anybody else wanted the job, I would stand aside …   Financial and business terms

  • gentleman's agreement — n. m. (Anglicisme) Accord diplomatique entre deux peuples, ayant la valeur d un engagement de principe conclu entre gens d honneur. || Par ext. Accord verbal, ne reposant que sur la bonne foi des parties. Des gentlemen s agreements. gentlemen s… …   Encyclopédie Universelle

  • Gentleman's Agreement — Título La luz es para todos / La barrera invisible Ficha técnica Dirección Elia Kazan Producción Darryl F. Zanuck …   Wikipedia Español

  • gentleman's agreement — an agreement not intended to be legally enforceable will not be enforced if the court accepts that it is such. Collins dictionary of law. W. J. Stewart. 2001 …   Law dictionary

  • gentleman's agreement — ► NOUN ▪ an arrangement which is based on trust rather than being legally binding …   English terms dictionary

  • Gentleman's Agreement — Infobox Film | name = Gentleman s Agreement caption = original movie poster director = Elia Kazan producer = Darryl F. Zanuck writer = Laura Z. Hobson (novel) Moss Hart (screenplay) starring =Gregory Peck Dorothy McGuire John Garfield Celeste… …   Wikipedia

  • gentleman's agreement — noun or gentlemen s agreement : an agreement secured only by the honor of the participants * * * (or gentlemen s agreement) noun, pl ⋯ ments [count] : an informal agreement based on trust rather than on a legal document * * * ˌgentleman s… …   Useful english dictionary

  • gentleman's agreement — UK / US noun [countable] Word forms gentleman s agreement : singular gentleman s agreement plural gentleman s agreements a business agreement in which people trust each other without a written contract …   English dictionary

  • Gentleman's agreement — Gentlemen s agreement  Pour le film américain de 1947 titre original Gentleman s agreement, voir Le Mur invisible. Un gentlemen s agreement ((en), littéralement, « accord entre gentilshommes ») est un accord informel entre deux ou… …   Wikipédia en Français

  • gentleman's\ agreement — gentlemen s agreement [ dʒɛntləmɛnsagrimɛnt ] ou gentleman s agreement [ dʒɛntləmansagrimɛnt ] n. m. • 1930; loc. angl. « accord de gentlemen » ♦ Anglic. Accord international engageant moralement les personnes publiques ou privées, mais dépourvu… …   Encyclopédie Universelle

  • gentleman's agreement —    When an agreement is neither written nor signed, because the two parties trust each other completely, it is called a gentleman s agreement.     It was a gentleman s agreement. I can t change my mind now! …   English Idioms & idiomatic expressions

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