understanding - the statement (oral or written) of an exchange of promises; "they had an agreement that they would not interfere in each other's business"; "there was an understanding between management and the workers"covenant - (Bible) an agreement between God and his people in which God makes certain promises and requires certain behavior from them in return unilateral contract - a one-sided agreement whereby you promise to do (or refrain from doing) something in return for a performance (not a promise) sales agreement, sale - an agreement (or contract) in which property is transferred from the seller (vendor) to the buyer (vendee) for a fixed price in money (paid or agreed to be paid by the buyer); "the salesman faxed the sales agreement to his home office" statement - a message that is stated or declared; a communication (oral or written) setting forth particulars or facts etc; "according to his statement he was in London on that day" term, condition - (usually plural) a statement of what is required as part of an agreement; "the contract set out the conditions of the lease"; "the terms of the treaty were generous" bargain, deal - an agreement between parties (usually arrived at after discussion) fixing obligations of each; "he made a bargain with the devil"; "he rose to prominence through a series of shady deals" submission - an agreement between parties in a dispute to abide by the decision of an arbiter oral contract - an agreement that is not in writing and is not signed by the parties but is a real existing contract that lacks only the formal requirement of a memorandum to render it enforceable in litigation reservation - the written record or promise of an arrangement by which accommodations are secured in advance settlement - a conclusive resolution of a matter and disposition of it suicide pact - an agreement by two or more people to commit suicide together at a given place and time; "the two lovers killed themselves in a suicide pact" |