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Meaning of formal understanding
A formal understanding refers to a mutual agreement or arrangement between two or more parties, often officially recognized or documented.
Etymology of formal understanding
The word "formal" originates from the Old French "formal," which is derived from the Latin "formalis," meaning "of or relating to form or shape."
The word "understanding" comes from the Old English "understandan," which is a combination of "under" and "standan," meaning "to stand under" or "to comprehend."
Historically, the phrase "formal understanding" has been used to describe official agreements or arrangements, particularly in diplomatic, business, or legal contexts.
Synonyms
Definitions
- A formal understanding is an agreement or arrangement made between two or more parties, which is often officially recognized or documented.
- * It can also refer to a shared perception or interpretation of a situation, which is mutually accepted by the parties involved.
Usage Examples
- The two companies reached a formal understanding regarding the terms of the merger.
- * The formal understanding between the countries was ratified by their respective governments.
- * The team had a formal understanding that they would work together to achieve their goals.