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Meaning of informal agreement
An informal agreement refers to a mutual understanding or arrangement between two or more parties that is not formally established or legally binding.
Etymology of informal agreement
The term "informal agreement" originates from the Latin words "in-" (meaning "not") and "formalis" (meaning "of or relating to form"), combined with the Old French word "agreement" (meaning "mutual understanding" or "consent").
Historically, informal agreements have been used in various contexts, including business, politics, and social relationships, often serving as a means of establishing trust and cooperation without the need for formal documentation or legal enforceability.
Synonyms
Definitions
- An agreement or arrangement made without formal or official recognition, often relying on trust or mutual understanding rather than legal enforceability.
- * A type of understanding or pact that is not officially documented or ratified, but is still considered to be in effect by the parties involved.
Usage Examples
- The two companies had an informal agreement to share resources and expertise on a project-by-project basis.
- * The neighbors had an informal agreement to keep an eye on each other's houses while they were away on vacation.
- * The colleagues had an informal agreement to cover for each other during meetings and presentations.