adjustableagreement
nounUK /əˈdʒʌstəbl əˈɡriːmənt/
US /əˈdʒʌstəbəl əˈɡriːmənt/
A deal that people can change if they need to.
The two friends made an adjustable agreement so they could change the rules later.
RELATED WORDS
OTHER MEANINGS
2. A formal contract whose terms can be revised by mutual consent.
The lease included an adjustable agreement allowing rent changes each year.
3. An informal understanding between parties that is open to revision.
Their adjustable agreement about sharing chores changed when the baby arrived.
4. A treaty or settlement with clauses designed to be updated over time.
The trade adjustable agreement was reviewed every two years.